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HongShen
2021-03-02

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Jack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场作为工业银行开始运营</blockquote>

Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receivin

Jack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场作为工业银行开始运营</blockquote>

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What Happened: Square, historically known for its card ...</p><p><blockquote><div>金融科技公司Square Inc.在获得有条件批准经营银行近一年后，已正式开始银行业务。发生了什么：Square，历史上以其卡片而闻名...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场作为工业银行开始运营</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJack Dorsey's Square Commences Operations As An Industrial Bank<blockquote>杰克·多西广场作为工业银行开始运营</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-03-02 16:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receiving conditional approval to operate a bank. What Happened: Square, historically known for its card ...</p><p><blockquote><div>金融科技公司Square Inc.在获得有条件批准经营银行近一年后，已正式开始银行业务。发生了什么：Square，历史上以其卡片而闻名...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/03/19931735/jack-dorseys-square-commences-operations-as-an-industrial-bank","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137118289","content_text":"Fintech companySquare Inc. has officially commenced banking operations, nearly a year after receiving conditional approval to operate a bank.\nWhat Happened: Square, historically known for its card reader and point-of-sale solutions,saidMonday that its industrial bank has commenced operations after completing the charter approval process with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions.\nKnown as Square Financial Services, the primary purpose of the Salt Lake City, Utah-based bank will be to offer business loan and deposit products. The bank will initially underwrite and originate business loans for Square Capital’s existing lending product.\nMoving forward, Square Financial Services will be the primary provider of financing for Square sellers across the U.S.\nSquare Financial Services will continue to sell loans to third-party investors and limit balance sheet exposure. Square said it does not expect the bank to have a material impact on its consolidated balance sheet, total net revenue, gross profit, or adjusted EBITDA in 2021.\nWhy It Matters: Square CFO Amrita Ahuja noted that bringing banking capability in-house will enable the company to “operate more nimbly.” Earlier, Square Capital used to issue loans under a partnership with Celtic Bank, another industrial bank based in Utah.\nFintech companies are increasingly looking to get approval to operate banks. Some of these companies already offering products typically offered by banks, including credit products to small businesses, in order to diversify their source of revenue. The products are intended to provide their customers with quick access to funding to meet their business needs.\nThe vision of Square Co-Founder and CEO Jack Dorsey is for the company to become a collection of multiple businesses under one corporate structure, Bloombergreportedin December last year.\nSquare announced purchasing 3,318 bitcoins (CRYPTO: BTC) in February over the 4,709 bitcoins purchased in October last year.\nPrice Movement:Square closed 4.8% higher on Monday at $241.00.","news_type":1,"symbols_score_info":{"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1712,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}