Lending? What makes them worse than than anyone that charges a fee? | Hacker News

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benj111 on July 22, 2019 | parent | context | favorite | on: Robinhood raises $323M at a $7.6B valuation

Lending?

What makes them worse than than anyone that charges a fee?

QuackingJimbo on July 22, 2019 [–]

The ones who charge a fee don’t make interest on your balances.

benj111 on July 22, 2019 | | [–]

Yes they do.

" 57% of Schwab’s revenues are from net interest"

https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone...

pertymcpert on July 22, 2019 | | [–]

No, no, no.

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