The bank sees digital assets as part of the future and "we want to be there when this happens," says Ralph Achkar, head of digital product development and innovation.
The regulator says the bank needs to address employee complaints and pay controls; the presidential hopeful would make it more difficult for banks to combine.
The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.
Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.
Readers react to the FDIC's proposal allowing banks to hire ex-cons, regulators looking into climate-change risk at banks, whether rewards programs drive loyal customers and more.
The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit.
