Small businesses have always faced the same brutal truth: banks don't want to lend to them. They're too risky, the loan amounts are too small, and the paperwork is too expensive relative to the ...

PayPal can handle many day-to-day financial tasks, from online shopping to sending money to friends. But replacing your bank account entirely with PayPal isn’t practical for most people. While PayPal ...

Whether major banks, such as JPMorgan Chase and Capital One, might have an interest in owning PayPal could turn on their ability to monetize that two-sided network.

PayPal is quickly moving beyond payments and now looking to directly get into banking in the US. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) When PayPal announced in ...

PayPal is seeking a banking charter that would allow it to boost its lending business, offer savings accounts that can earn interest and make customers’ deposits eligible for federal insurance ...

PayPal Holdings, Inc.'s recently announced its pursuit of an industrial loan company charter to increase its alignment with emerging small and medium-sized business lending and digital payments ...

PayPal has started the formal process to open "PayPal Bank" which it hopes will improve small business lending in the US and reduce reliance on third-party banks. In a press release, the company ...

Simply sign up to the US banks myFT Digest -- delivered directly to your inbox. PayPal has applied to become a bank in the US, the latest fintech seeking to capitalise on the Trump administration’s ...