⚯ Michel de Cryptadamus ⚯🚨Ω🚨
#CustomersBank AKA #CUBI is on a mission to relive the Savings & Loan crisis of the 1980s... They're trying to keep their deposit base high enough to stay solvent by hiking the interest rates they pay but that means ballooning costs.
Worth noting that #CUBI is one of the last #crypto friendly banks in the United States... basically a mini-me of #SignatureBank / #SBNY. Will meet the same fate.
(h/t this guy https://twitter.com/RhoRider/status/1644410263083401216)
Rho Rider on Twitter
“🚩🚩wow, $CUBI just hiked their “MaxMyInterest” yield AGAIN yesterday! Theyre bleeding deposits & desperate To stay alive they MUST keep the best rate among banks partnered with this sketch fintech to get the new deposit flow…it is a death spiral of rising interest expense”