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Japanese Retail Giant Applies for Banking Charter | ABA Banking Journal

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"While the American Bankers Association remains a strong proponent of charter choice and generally does not comment on individual charter applications, the association expressed serious concerns about the implications of a large technology company obtaining a banking charter. ‘As Japan’s largest e-commerce site, Rakuten is a major technology firm engaged primarily in non-financial activities,’ said ABA President and CEO Rob Nichols."

From "Japanese Retail Giant Applies for Banking Charter | ABA Banking Journal".

If Rakuten get a licence, then why not Amazon?

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