Colin Henderson's personal annotations on this page
Bankwatch bookmarked
on 2008-05-07
Just located the entire HBR article online with no subscription required
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It is only a matter of time before these digital systems close the arbitrage enjoyed by large banks, which lend at up to 15% interest but pay only about 5% on capital. Why do business with a bank when your network’s lending and savings interest rates are both 7%? To grasp the power of such a system, imagine your local credit union with the membership and social networking capabilities of MySpace.
This link has been bookmarked by 3 people . It was first bookmarked on 30 Mar 2008, by someone privately.
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Colin Henderson
Just located the entire HBR article online with no subscription required
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It is only a matter of time before these digital systems close the arbitrage enjoyed by large banks, which lend at up to 15% interest but pay only about 5% on capital. Why do business with a bank when your network’s lending and savings interest rates are both 7%? To grasp the power of such a system, imagine your local credit union with the membership and social networking capabilities of MySpace.
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