in Wednesday's premarket. The mobile-first finance company offers banking products. But it's not technically a bank. Like many fintech companies, it relies on partnerships with FDIC-insured banks to hold customer deposits and issue loans. In order to become a bank, SoFi plans to acquire a California community lender. The fintech firm went public last year in a SPAC merger.
— The Associated Press and Reuters contributed to this report. Follow all the market action like a pro on
MichaelBurry, JeremyGrantham, and other top investors are predicting an epic StockMarket crash.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin will emerge stronger after stocks dip ‘10%–20%’ — Bloomberg analystFederal Reserve policy should mean markets see a long-awaited comedown of up to one-fifth, says Bloomberg Intelligence’s Mike McGlone.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »