Payments firm PayPal files for bank charter in lending push

Core Viewpoint - PayPal has applied to establish a bank in the United States, aiming to leverage the favorable regulatory environment under the Trump administration [1] Company Summary - PayPal is taking steps to expand its operations by entering the banking sector, indicating a strategic move to capitalize on current regulatory conditions [1] Industry Summary - The application reflects a broader trend among companies seeking to benefit from a regulatory landscape that is perceived as more accommodating for financial services [1]