[bko]

Maybe they won't but new competitors will see the outsized profits and try to get my business by offering these things. I have all these things at my bank (TD) so the system seems to work.

This is pretty uncontroversial basic economics...

[ilyt]

How often you see "new competitors" in banking come up now ?

[bko]

Not often enough. You've seen the reverse due to high regulatory costs.

If you're a healthcare provider in the US you often have to get a "certificate of need" to offer a service where a board full of competitors in the neighborhood determine if the neighborhood really "needs" this service:

> CON programs primarily aim to control health care costs by restricting duplicative services and determining whether new capital expenditures meet a community need.

https://www.ncsl.org/health/certificate-of-need-state-laws