How can I start my own bank? (Let's redesign banks)
bdfh42: The simplest way is probably to do what Richard Branson (Virgin) just did and buy a small existing deposit taking bank.That way you get the legal entity and all of the controls and procedures already in place and can start to expand the operation "on line" (as I am sure Virgin are now about to do in the UK). The USA might still have some of those small local banks in existence that could be purchased at a reasonable multiple of earnings - or perhaps you might find one interested in an Internet based joint venture.