Post Tagged with: "bank charter"

Fidor Bank Closing In on U.S. Launch

Fidor Bank Closing In on U.S. Launch

by March 31, 2016 at 12:16 pm 0 comments

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

Revoke HSBC’s Banking Charter

Revoke HSBC’s Banking Charter

by December 2, 2013 at 10:16 am 15 comments

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

The Ultimate Innovation Killer: Limited Bank Charters

The Ultimate Innovation Killer: Limited Bank Charters

by May 6, 2013 at 10:19 am 1 comment

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

The Battle Between Green Dot/GoBank and Bluebird Heats Up

The Battle Between Green Dot/GoBank and Bluebird Heats Up

by January 15, 2013 at 5:40 pm 4 comments

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