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FDIC approval clears path for Stellantis' banking ambitions.
Stellantis received FDIC approval to establish Stellantis Bank USA as a Utah-chartered industrial bank.
KEY POINTS
- The new bank aims to reduce Stellantis' reliance on third-party auto lenders in the U.S.
- Stellantis Bank USA will be able to offer deposit services insured by the FDIC.
- This move marks a strategic shift towards in-house financial services for Stellantis in the U.S. market.
COMPANIES
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