Event Brief
Dec 16, 2025 at 7:04 AM ET
PayPal establishes US bank to expand services
By The BriefBrief
PayPal applies to create a Utah-chartered bank to hold deposits and enhance lending to small businesses.
WHO: PayPal
WHAT: Establishing a bank
WHEN: Dec 15, 2025 at 7:00 PM ET
WHERE: Utah, USA
WHY: To hold deposits and increase lending capacity
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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