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Since this article is 9 years old, I was curious about follow-up. Checked LinkedIn and looks like this guy is still with the firm he was with in 2009: https:/
by nlh 8y ago
Since this article is 9 years old, I was curious about follow-up. Checked LinkedIn and looks like this guy is still with the firm he was with in 2009:
https://www.linkedin.com/in/michael-wagner-60a65b116/ https://www.linkedin.com/in/michael-wagner-60a65b116/
So I guess you...can't open a bank?
- venantius 8y agoIn fairness to him, the OCC (the national banking regulator in the US) has had a practical moratorium on new national bank licenses for most of the past 10 years. You can get a new state bank charter, but not a national one. I can't blame him for not wanting to start a bank in the US lately.
- nlh 8y agoI was mostly being snarky -- totally agree: starting a bank is insanely complex & difficult, and it's not getting any easier. Kudos for even trying. No blame from here either.
- miketery 8y agoCan you expand on why one wouldn't want to start with a state bank?
- cbnotfromthere 8y agoThe problem is not the start with a state license, but expanding to a federal license.