Trump’s World Liberty Wins Preliminary US Bank Charter as 20-Year Drought Eases
Updated
Updated · Bloomberg · Aug 24
Trump’s World Liberty Wins Preliminary US Bank Charter as 20-Year Drought Eases
3 articles · Updated · Bloomberg · Aug 24
Summary
World Liberty, tied to Donald Trump’s family and business associates, won preliminary approval to start a new US bank.
Nearly 20 years of scarce national bank charters have given way to a new boom as the Trump administration’s deregulation push makes approvals easier to secure.
The move puts the president’s relatives on the verge of controlling their own bank, extending the family’s business footprint into regulated finance.