Morgan Stanley brings trust charter pursuit into the mainstream
By Dan Ennis
Summary
- Morgan Stanley has filed paperwork for a trust charter with the OCC.
- The application comes as fintechs and other large banks are also pursuing trust charters.
Why It Matters for Texas Credit Unions
The article does not mention Texas specifically or any regulations that would be directly applicable to Texas credit unions.
Original Source Material
The banking behemoth’s application lands at the OCC as a flurry of fintechs vie for the same license. Morgan Stanley has recently partnered on a crypto trading effort and filed paperwork for holdings of three digital currencies.