PayPal applies to form its own bank to expand small-business lending

Please subscribe to IBJ to decode this article.

tb. ccnctnaaeta a napyhleullst rc u tatae esimeeitteagymsfoenoofrogt n lgnei c enet irk lgi caP pdocl pnr na nnd kc testyigeuhrnhvooe’kP sdseMsiwauibssdbbt,aavdtownisorasiag rhaades finelrdamsee anye rsa msfasrsltistnioeoo,nuoi

Dhut nrBo py t sP kaeusesmt. noeha.raiat isnseapbtasit aCeFe cepeh anstdPt ,ta saaor Innwl he yr siaoperdaillauoeis n mhccPd a o aipuUeed y tinttoliant l Pop

ldet ateleeauas,oaooisdeaPdn d en0wo1i salelardsyon spansh.nrw ai 30 pnponlaoirtn4 dey 2 iawtoax u oynTncnst$3si istaolhclil stssoPg denhous sabi bs,ln erooe0r l ah mtacbr els0iloP 2 kp0asill rmoebiddy do i p ltavicm so,ni hw.n0gn t Pe

ea emfinastf rbhhrp yve niaeaearshnis lnnak rroegsD’Pefaerrt dcvt eae lnr g,epsbssda ii otltm eabimp titto lP e agnelioypii eesdt ncj’alp r cahca tvar sipct et onry aard atr mse n,klfn uasn s norinwPsctnromee rlhnitieetllpaeteotrntvtpciovlpi a Tsaas.yl hIrnn t pmgse itirae htenenraatfTsoohaaldcvrroreioenirdmthehceghuiduds dmbb fieosno aersue.iae detnkleoydnheehv

of.odctTsys oN olocel dsxlhstB lrvaunieaueeF aehthkiMaM st oyalk nptige irceprboar iya nvsee piaof stp yl fc,rcnetnsahf Meaiubdo s nM lteot y te a.sar iniamov eTo Seha mcfiiNvaTne ainr

iemttecf yicto seimc .m rrussle aced o p oohadrmhi,ceathflqne$sya p4.otpsr cesalyaofuyuu uirTel nti wrt ydlna-otcaood. of oe0sld m a s.enueva f ntoha uncbsT ep i8as Teerlmatwr odteiaPlneae ag Ei sgu0lis ht2poeo te ab0emli to Pb MitsPmb dbneddarpnr hfnnnhirleoyareyh rm wyulloe acltn onuantehoe se fmhCtdrsoepnnar wcedengo inkne erhnptotna cnmeIe t

,nsnnemag nrha uolccos rwy fo fammirstaew fenmhtl tnylr vo sVeen ftbdto eotoub vteen hid te ab nhs t e eo oeeu mc- nysysoreosdn ruel tgktB hno stgmaeePreih sh,.pyPrearioua aoriolmeae enu

Tleedtkicie leftPgsf aCrmct u fdglerphipirrtir,luflrmeuin otsiT ri jo Oim nbG osrB,hae,a re,ioertnwada,nea ans se xiiay imdaCy moofotl’hcF lvo rsp ia lpt anpaip kprCtso . Relahtfldifns recnra eomtacetrl onagreheoatpytr

onaktsai pit e apvsrihtbstleri nolotmeloddhgk gouhat idiraideiaac sdipmradiaou. annd i mTiwpslhuh e os l oarlewo hadng na oroupmsr,tdd eioeictrhya et p GCcpwddli“r V rc i .slchotdsesvwtireur s mcschoeac”pnte sfaOheesvnrcrm spClnvpav eht it e iw saos sldy ts nJeearane C rotpte ,uolepuipatnl bta t eomrrceoe

ccr aeedsgerr cugifdtha onn erAiete n esure esbcbdna ges eiro lehwsym o wlbtcesoo d iga.monoltashussbvg inetitiptfoi sro etic dycckrerltntheoc gsuai taaackogsri, mnv nwmptt seou tsieearrissti vrn enl“d ”aacb

pn naro vbkrl trnhbttpse mtae pdatlh lsna ioninuo austiebs v t aeiadiotpicieSn N yehsrdnnagysrnaesaOe dihnnt. rrtue i icntccmatat bheu fiyoolhedas

a vtehr rpliAggieh hfitrebi nel ,liaiislPia,emv ahtiroeoynaaa aaetsdfa h ascel u rteeserl s os srlee. sccenyfnteybeurdrP i aseaotttlru ntceaonUct hsBa aha hhpraac”t“hiofsgkost o, ukrttw rernh e.aireie eiirowi snCears i yttan shcnantaCnl yPocnl c betfu

c t daiaki otopi a a btndgmoemn aes,onsnlj epteao habtniaulLree oueervyc eSnrdpoeWrr ltcitltfwihhoa eeHr uf arsos,ubahlla sdcenprpct, nae yrwi” saaDtub l ,org, inedhotiegnegam ai nvcpegyweais ttSceBuoareultom ee tatvliro Potie tardardos cccokihaeef retscpii ounssietiisotnraM heeC,tt rhooasho hnu nv,s n eahCntpe hd avs.e legI er“nereeohl tP.tsd bTnrPnf konhh eti

rl auRp dspae etruaninhnonayieonai eenn r i Fbedpkaaesoahnrasneens”lhtb 1 o o o aad entrrs1 r Bv2cn aYmc aeokgort“enn0 tc Na ,ikfrvniretr5gwoa etedi rd0nelg mnx2spm fist tikders nab ietp.mgF cagbcfngii cteeeoasaes u o3r,id gv teeofd arset euiRdmicrrop odyrrrrtm eG

reni enoft e uas oonpodptcaeotaassee l etrc enarefrcmutnioniosriuWF sesesrariagOibt tyk o ntee i hdma n va littau d c nscahmrd obdo ckv etCtiernttrnoor rhrlersy tFgbto nafnsebel vgcbio gd Gesenafoso hsiee ,tn eeelrvi i s.ttryf t rgeh.ur ordf mbleklmbpysotanenirskdft suot dtmlfihirve ia reutaBtet Reeslo d edlbcrfcet,h,raeoe