BNS has no natural USD funding base but has a large need for non wholesale USD funding (large part of international and GBM are in USD)...lack of access to NON -WHOLESALE USD funding is a real issue raising the Bank's cost of funding and has been one of the Bank's big issues after the regulatory changes post GFC .....if past is any indication, look for them to increase their holding in this acquisition to eventually gte majority ownership, and therefor access to USD funding from a retail bank in the US (like RY, TD, and BMO already have).
Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
They're richer than you think...
BNS has no natural USD funding base but has a large need for non wholesale USD funding (large part of international and GBM are in USD)...lack of access to NON -WHOLESALE USD funding is a real issue raising the Bank's cost of funding and has been one of the Bank's big issues after the regulatory changes post GFC .....if past is any indication, look for them to increase their holding in this acquisition to eventually gte majority ownership, and therefor access to USD funding from a retail bank in the US (like RY, TD, and BMO already have).
Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?