Ask HN: How can I start my own bank? (Let's redesign banks)

Re:Ask HN: How can I start my own bank? (Let's redesign banks) by mootothemax on Wednesday January 13, 2010 @07:35AM (#1049992)

One of the main difficulties is obtaining a banking licence so that you can accept consumer deposits.

Personally, I like Virgin's take on this; buy a small bank that already has a licence and go from there:

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Re:Ask HN: How can I start my own bank? (Let's redesign banks) by pbhjpbhj on Thursday January 14, 2010 @11:55AM (#1052981)

I thought you bought a large bank on credit, paid off the creditors using the banks funds and then asked the gov for money to cover you.

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Re:Ask HN: How can I start my own bank? (Let's redesign banks) by zitterbewegung on Wednesday January 13, 2010 @07:59AM (#1050022)

Yea that sounds like the best bet. Try to find a cheap bank without lots of bad debt and start from there.

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