Everyone’s Eyeing the Banking Game, but Traditional Banks Aren’t Pleased.
Everyone wants to be a bank now. Banks aren’t happy about it. A lot of companies that are not in the banking business are suddenly applying for new US banking charters, from automakers General Motors (GM) and Stellantis (STLA) to cryptocurrency firms Circle (CRCL) and Ripple (RIPL.PVT). Banks, not surprisingly, aren’t happy about any of […]