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$100 million went missing from an online bank. “Neobanks” promise higher rates and lower fees, but they exist in a regulatory black box created by Andreessen, Thiel, Musk and more. We investigated an online bank where thousands of Americans’ FDIC-insured savings vanished. Video by Sanya Dosani & Anthony Mascorro Watch the full video on our YouTube

CBN just revoked the licenses of 46 microfinance banks across Nigeria, effective July 1. Moniepoint, Kuda, and LAPO are NOT among them. They are safe. But the 46 that were shut down served exactly the Nigerians that commercial banks don’t reach; market traders, small business owners, rural communities. CBN’s action is right. Insolvent banks are a risk to depositors. But as usual, the cost falls hardest on the most vulnerable. #cbn #creatorsearchinsights #naija #banking #moneytok

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