July 10, 2020

SoFi Makes Second Attempt to Start Its Own Bank

SoFi Makes Second Attempt to Start Its Own Bank


Financial-technology startup Social Finance Inc. is taking another shot at the banking business.

The San Francisco-based company run by former Twitter Inc. executive Anthony Noto filed an application with regulators this week to create SoFi Bank, a Utah-based bank of which it would be the sole owner.

SoFi Bank would offer student loan refinancings,…



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