True, but the expense line would also get cut in a number of ways.
If there's no SACC/unsecured lending, do they really need branches? Also, would the funding model change, since there's no exposure to SACC? If smaller amount consumer credit were so profitable, why would they be aiming for it to taper off?
MNY Price at posting:
$1.25 Sentiment: Buy Disclosure: Held