Apollo to Launch Its Own Bank, Report Says – DealBook Blog – NYTimes.com
Apollo Management, however, has apparently come up with a more straightforward solution: start its own bank.
The private equity giant plans to take advantage of a provision in the new financial legislation that allows banks to operate in multiple American states without a national charter, The Financial Times reported.
via Apollo to Launch Its Own Bank, Report Says – DealBook Blog – NYTimes.com.