Revolut applies for a US bank charter
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Revolut has applied for a US bank charter with the OCC and FDIC, committing $500 million and appointing a former Visa executive as its new US CEO, following its 2021 announcement to pursue a US banking license.
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The London-headquartered neobank has submitted applications to the OCC and the FDIC to establish Revolut Bank US, N.A., committing $500m to the American market and appointing a former Visa executive as its new US CEO. In early 2021, Revolut told the world it was going after a US banking licence. The announcement was confident, the […]
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