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Tech, Crypto-Focused Bank Founded by Billionaire Trump Supporter Wins US Approval
Summary by Bloomberg
2 Articles
2 Articles
Tech, Crypto-Focused Bank Founded by Billionaire Trump Supporter Wins US Approval
A new US bank that aims to serve emerging tech firms in sectors such as crypto and artificial intelligence has received conditional approval to operate from the Office of the Comptroller of the Currency.
·United States
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US Approves New Bank Backed By Billionaires With Ties To Donald Trump
US regulators have approved the launch of a bank backed by a group of high-profile tech billionaires with ties to Donald Trump’s administration, seeking to fill a gap left by the collapse of Silicon Valley Bank. The bank, Erebor, was founded this year by Palmer Luckey, co-founder of military contractor Anduril, and Joe Lonsdale, head of venture capital firm 8VC and a co-founder of data analytics firm Palantir. Its early backers also include Pete…
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Total News Sources2
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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