Sharp dissection of banking income shifts - especially the observation that fees (45%) still dominate lending (32%) despite the ZiG stabilization. That preference for low-risk, recurring charges over credit intermediation speaks volumes about the underlying risk environment and its ripple effects on business credit access. TCLM often explores similar terrain: how payment friction, regulatory taxes, and cash hoarding reshape trade terms and working capital flows for companies. A grounded, useful read.
Sharp dissection of banking income shifts - especially the observation that fees (45%) still dominate lending (32%) despite the ZiG stabilization. That preference for low-risk, recurring charges over credit intermediation speaks volumes about the underlying risk environment and its ripple effects on business credit access. TCLM often explores similar terrain: how payment friction, regulatory taxes, and cash hoarding reshape trade terms and working capital flows for companies. A grounded, useful read.
(It’s free)- https://tradecredit.substack.com/