https://www.marketwatch.com/story/why-companies-from-t-mobile-to-sofi-wants-to-get-into-banking-2019-04-19?mod=mw_theo_homepage
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WF has a lot of weak links. Some of the team members can’t even send out an email correctly.
Getting FDIC approval for a banking license isn't all that. WF inflicted self harm on themselves. Those other companies are staffed by people who are the weakest link.