eicker.news ᳇ tech newsDec 16
#PayPal filed applications to establish #PayPalBank, a #Utah chartered industrial loan company. The bank would allow PayPal to #lendmoney, #holddeposits, and offer interest-bearing #savingsaccounts, reducing its reliance on third parties for #lending to #smallbusinesses. https://www.wsj.com/finance/banking/paypal-applies-to-establish-bank-25172927?eicker.news #tech #media #news
Yonhap Infomax NewsDec 16
PayPal Holdings Inc. has applied for regulatory approval to establish PayPal Bank, aiming to expand into small business lending and savings accounts, with shares rising 0.87% in after-hours trading following the announcement.
#YonhapInfomax #PayPal #PayPalBank #SmallBusinessLoans #Fintech #AfterHoursTrading #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95691
PayPal Applies to Establish 'PayPal Bank'—Shares Rise in After-Hours Trading

PayPal Holdings Inc. has applied for regulatory approval to establish PayPal Bank, aiming to expand into small business lending and savings accounts, with shares rising 0.87% in after-hours trading following the announcement.

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