Fees are a near-term survival tactic, but Starling's focus on profitability could make it a long-term contender in banking.
Starling's new fees and the negative interest rate it will charge on large euro deposits are measures to break even on current accounts: They offset the costs of money-losing services, but fee income will be tied linearly to new accounts and will not provide the growth kick that would make Starling profitable.scales lines like unsecured personal and small business loans, it could reduce its losses per account and might ultimately turn profitable.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the secret club that helps determine which healthcare startups blow up - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. bielinko
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's top advertising and media stories for September 10 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Singaporean bank's 7-year digital transformation enabled its survival - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The 15 best value colleges of 2021 are great for business students - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL Motley fool article on OpenLearning=ASX$OLL🚀🚀 OpenLearning=ASX$OLL Half year results🚀🚀🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »
4 ways to grow your side hustle into a lucrative, full-time business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Entrepreneur RMKatz
Source: BusinessInsider - 🏆 729. / 51 Read more »