Young Americans offers nation’s only bank for youth
In the early 1980s, billionaire Bill Daniels read about a group of Denver students who were unable to obtain a bank loan and felt society was doing its youth a disservice by essentially excluding them from the banking system. Daniels was a cable television pioneer who’d earned his fortune in tech ventures and sports. In 1987, Daniels turned his attention to banking by forming Young Americans Bank, the world’s only fully-insured and regulated bank for people aged 21 and under. [Continue]