Stock-trading platform Robinhood withdraws its application to become an official bank
|11/27/2019||Posted by BusinessMediaguide.Com under General World News||
- Stock-trading platform Robinhood is withdrawing its application to become a full-service bank, the company confirmed on Wednesday.
- In a statement to emailed to Markets Insider and other outlets, a spokesperson said the decision was voluntary.
- Robinhood filed the application with the Office of the Comptroller of the Currency earlier this year.
- Visit the Business Insider homepage for more stories.
Robinhood has pulled its application to become a full-service bank, the company confirmed on Wednesday.
“We are voluntarily withdrawing our OCC application for a national bank charter. Robinhood will continue to focus on increasing participation in the financial system and read more >>>