Fidor Bank is closer to its U.S. launch, but is still missing a critical piece to complete its services: a bank charter. Fidor began in Munich in 2007, and gained traction as a digital bank during and after the financial crisis. It has routinely been hailed as one of the mostRead More
Post Tagged with: "bank charter"
HSBC deserves to have its banking charter revoked, plain and simple. While America was in a turkey stuffing-induced slumber, HSBC proved through its treatment of Brett King, arguably one of the world’s most forceful proponents for banking innovation, that it does not understand what it means to behave in aRead More
In New York City, a taxi medallion — that is, the right to own a taxi in the Big Apple — costs $917,000. In 2003, a medallion would set a hack back around $200,000. Why the steep price increase? Supply and demand. There are around 8.5 million people living in NewRead More
How cutthroat is the battle between Green Dot Corp. and Bluebird for Walmart banking customers? So brutal that Green Dot purchased a whole bank — which it relaunched today. Green Dot launched the beta version of its new mobile bank account, known as GoBank, today. Already known as a providerRead More