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Upstart plans to apply for bank charter, shares up.
Upstart Holdings plans to apply for a national bank charter in the U.S.
KEY POINTS
- This move would allow Upstart to operate as a full-fledged national bank.
- Upstart joins other fintechs like Revolut and Zero Hash in seeking bank charters.
- Upstart shares rose following the announcement of its intention to seek a charter.
COMPANIES
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