Square Isn't Giving Up on Its Banking License24 Dec 2018—Yahoo Finance
Square (NYSE: SQ) applied for a banking license late last year, but it withdrew its application over the summer after the Federal Deposit Insurance Corporation, or FDIC, raised some questions about its application.
Square is back with answers, and it's ready to make its banking dreams come true.
The FDIC wanted to know more about Square's proposed products and services and the infrastructure of the bank. Square says it will offer deposit accounts and loans to small businesses. Additionally,...