Edward Jones gets green light to launch industrial bank

Key insight: Edward Jones received approval from state and federal regulators to open Edward Jones Bank, which will take deposits and plans to offer certificates of deposit.What's at stake: The financial advisory firm, which first sought an industrial loan charter in 2020, is one of numerous companies that have applied for approval to open such a bank in the past year.Forward look: There are several pending applications for industrial loan charters at the Federal Deposit Insurance Corp., including one from ...