Heres some US deposit rates. and clearly the larger ones arent...

Heres some US deposit rates. and clearly the larger ones arent good value. I read somewhere that its perhaps their bond losses are so great they simply cant afford to pay!

	Financial institution	APY
1	UFB Direct	5.25%
2	TAB Bank	5.02%
3	Bask Bank	5.00%
4	Bread Financial	5.00%
5	Synchrony Bank	4.75%
6	LendingClub Bank	4.50%
7	Capital One	4.30%
8	Discover Bank	4.30%
9	Marcus by Goldman Sachs	4.30%
10	Ally Bank	4.25%
11	Wells Fargo	0.15%
12	TD Bank	0.02%
13	Chase	0.01%
14	U.S. Bank	0.01%
15	Bank of America	0.01%

src: https://www.bankrate.com/banking/savings/average-savings-interest-rates/

As for Soc Gen's "strategic plan", I always am very suspect when I hear the old "strategic review" from ASX boards. The point of having a board , management and meetings is to contiually asses and tune their strategy, not wait for a disaster to appear on the balance sheet before taking action.

Anyway, -0.2% annual growth for SG is what prompted this (according to the AFR), so its not a disaster, but recognition that lean times are ahead.

Market has to pull back off the Covid highs, then the 2019 highs, then the 2016 highs. Just so overdue for a correction, its almost like its thrown off the shackles completely and doesnt want to adhere to market protocol!