Featured · Economy
Chime pays $590 million to own its sponsor bank; Block's charter bid rests on an OCC rule now in court
Chime is paying about $590 million, or 1.5 times book, to own its sponsor bank; Block is applying for a trust charter through the same OCC, now sued by community bankers over 21 charters, 13 of them crypto firms. The lawsuit's outcome splits the risk between the two stocks very differently.
· 3 min read



