4 ms·
In the US, there's not a lot (other than a chunk of cash and lots of regulations) to stop a private individual or group from starting their own bank. In the pa
by FuriouslyAdrift 2y ago
In the US, there's not a lot (other than a chunk of cash and lots of regulations) to stop a private individual or group from starting their own bank.
In the past, large companies and high net worth individuals did just that.