US approves new bank backed by billionaires with ties to Trump

October 16, 2025

Financial Times: Luckey and Lonsdale were big donors to Trump in the 2024 presidential election, while Thiel was a backer of vice-president JD Vance. A person close to Erebor said there had been “no special treatment” from the Trump administration in the approvals process, adding that Luckey “had not been asked, nor made a single call in this capacity” to his contacts in the government…