Why Upstart Banks May Have to Keep Raising Money

T1Covered by 1 source · first reported by The Information (teasers) at 18 Oct, 15:00 UTC

The Trump administration has opened the door for entrepreneurs to start new banks in the U.S., many funded by venture capital. But there’s a catch for fast-growing newcomers. Upstarts like Palmer Luckey’s Erebor Bank, as well as other new entrants like Openreserve and Augustus, will likely have to…

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• T1Why Upstart Banks May Have to Keep Raising MoneyThe Information (teasers)18 Oct, 15:00