Stock-trading start-up Robinhood is pulling its bank charter application with the Office of the Comptroller of the Currency, a source familiar with the decision said the charter withdrawal did not reflect a change in the company’s road map. The $7.6 billion company’s change of heart highlights the struggles tech companies can face when trying to disrupt the banking system.

https://www.cnbc.com/2019/11/27/robinhood-pulls-bank-charter-application-as-fintechs-face-hurdles-to-disrupting-financial-system.html