One of the main difficulties is obtaining a banking licence so that you can acce... | Hacker News

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		mootothemax on Jan 13, 2010 \| parent \| context \| favorite \| on: Ask HN: How can I start my own bank? (Let's redesi... One of the main difficulties is obtaining a banking licence so that you can accept consumer deposits. Personally, I like Virgin's take on this; buy a small bank that already has a licence and go from there: http://www.telegraph.co.uk/finance/newsbysector/banksandfina...

pbhjpbhj on Jan 14, 2010 | [–]

I thought you bought a large bank on credit, paid off the creditors using the banks funds and then asked the gov for money to cover you.

zitterbewegung on Jan 13, 2010 | [–]

Yea that sounds like the best bet. Try to find a cheap bank without lots of bad debt and start from there.

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