Elias Schisgall / Wall Street Journal:

Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust  —  The financial technology company is seeking to establish a federally regulated, uninsured national trust bank  —  Block wants to build a bank.

Elias Schisgall / Wall Street Journal:

Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust  —  The financial technology company is seeking to establish a federally regulated, uninsured national trust bank  —  Block wants to build a bank.

Source: TechMeme
Source Link: https://www.techmeme.com/260908/p42#a260908p42