The Browser - Banking August

The Branch Banking Model

Patrick McKenzie | Bits About Money | 2nd September 2022

Downtown bank branches aren't there primarily for day-to-day business — they are there to attract new customers, and to sell new stuff to existing customers. "Everything down to the physical layout of branches is designed to maximize new accounts". High-net-worth customers are steered to salespeople who "carefully present as a different social class than most branch employees" (2,500 words)

Against August

Haley Mlotek | Paris Review | 24th August 2022

Heated diatribe against the departing month. "No good habits are possible in August, much less good decisions." August means "drifting in the scorched grass under a tree, or hearing the sound of my legs sticking to the cheap plastic melting on a shadeless patio". But there is a silver lining: The intractability of August provides an "excellent excuse" to let things slide until September (2,303 words)

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