I'm pretty sure that's been relaxed to $35m. ;-) Although the other onerous requirement for a bank is that it can't have any one owner with more than 5% shareh

I'm pretty sure that's been relaxed to $35m. ;-) Although the other onerous requirement for a bank is that it can't have any one owner with more than 5% shareholding (although there's a lender here that's trying to get the government to change that).