[LatteLazy]

That depends what you mean by customers and "gouged".

The vast majority of deposits come from companies and ultra wealthy individuals. Your average human customer is a borrower.

You also have to remember the regime we were and are in: 2 years ago, banks borrowed or paid depositors .5% and charged borrowers 1%. A shitty .5% gross margin.

Now, if they borrow at 4% and charge 6% that's 4x the return (2% Vs .5%). But it's also (a) move average historically and (b) smaller as a spread.