Interesting article about major banks allowing large criminal organizations to easily move money around

[Sanlmar]

HSBC & Wells will be the Lord & Taylor and Macy’s of banking sooner than you know.

Retail banking as we knew it is in its last throes. The meteor is homing in on these dinosaurs.

Car dealerships will outlast them by a few hours but that’s another story.

Even Carvana? I am seeing more and more of those facilities around the country.

They are an Amazon of Autos. They literally started delivering cars to your driveway with a click of the mouse during COVID. They won’t stop.

I’m referring to the family run Buick dealership in Michigan.

You never see the Capital One ads. “We reinvented banking”. Some metrosexual walks thru a renovated branch talking about how it looks like a coffee bar now. I don’t need pastry and free WiFi. Retail banking is lost and flailing around.

Every single kid I talk to who is all juiced about real estate is using Rocket Mortgage. Every single one.