A San Francisco politician is worried Square Inc.'s bid to launch a bank will suck investment out of the city that helped the company grow.
Board of Supervisors member Matt Haney is calling on the Federal Deposit Insurance Corp. to require Square to invest in San Francisco as a condition for receiving federal deposit insurance for its proposed industrial bank in Utah.
“This is going to be a standard-setting charter, and for that reason we should be having a more open public dialogue about what companies like this should be viewing as their responsibility as they move forward with these ...
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