How does someone start a bank. I understand that you have to have a shit ton of money, but how does someone actually start/open a bank of their own? Can mr joe shblow, given that he is able to come up with previously mentioned “shit ton of money”, go out and open his own bank? Obviously it takes time, but what’s the process of doing so?
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There’s a film on Netflix UK ‘Bank of Dave’ about a guy in Burnley who was wealthy and was lending money to help people with their lives and eventually tried to set up a bank. Spoiler, he did manage it and I believe it’s still going but it wasn’t easy
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