Erebor Bank analysis: The first national bank in Trump's second term
Erebor Bank The U.S. Office of the Comptroller of the Currency (OCC) has granted a national bank charter to a startup bank, and it's called Erebor Bank. This isn't just another bank charter - it's a historic event that fills a void in tech finance left by the collapse of the Silicon Valley Bank (SVB) in 2023. It marks the entry of the techno-political worldview of Peter Thiel and the rest of the ‘PayPal Mafia" into the top echelons of US institutional finance. It's the first national chartered bank to be approved in President Trump's second term. This... Read more