BNC Squared: Kraken, Private Credit and Chase <3 Branches
In March’s episode of Bank Nerd Corner Squared, Kiah and Alex spend some time with the biggest stories in the nonbank finance space.
First up is the surprise news that Kraken was approved for a limited Federal Reserve payment account, a little more than a month after the comment period closed on the Fed’s skinny account proposal.
They then chat about private credit, including a brief history and the concerns behind the headlines we’re seeing today. Finally, they return to the bank space to talk about a more traditional channel: branches. Specifically, why is Chase opening so many?
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Fintech…
The skinny
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