Square to Operate a Bank in Utah

Square, the digital payments company run by Twitter’s Jack Dorsey, got the nod by federal and state regulators to open a bank in Utah. 

In a press release Square said the Federal Deposit Insurance Corp. voted to conditionally approve Square’s application and that it received charter approval from Utah Department of Financial Institutions. 

Read the full article here.

Financial Services
Information Technology
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Forbes Mon, 03/23/2020 - 11:46