4min chapter

Fintech Layer Cake cover image

Exploring FDIC and Bank Failures

Fintech Layer Cake

CHAPTER

The Silver Lining for Fintech in the Face of Uncertainty

The FDIC takes over a bank on a Friday, the close of business. The idea in virtually most of the FDIC receiverships is that come Monday, it's business as usual. "I think what's so fun about advising clients like Mercury is that you're helping them develop a really important product," he says.

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