Start-up bank backed by Palmer Luckey set to raise $1.5bn

Center-Left: <a href="https://www.theguardian.com/business/2026/aug/09/ai-push-banks-tech-firms-moodys-risks-financial-sector" rel="noopener nofollow">AI push is putting banks at mercy of tech firms, warns Moody’s — www.theguardian.com
Center-Left: <a href="https://www.npr.org/2026/08/10/nx-s1-5925350/the-nerd-reich-tracks-the-unmasking-of-silicon-valleys-true-politics" rel="noopener nofollow">&#39;The Nerd Reich&#39; tracks the &#39;unmasking of Silicon Valley&#39;s true politics&#39; — www.npr.org
Center-Left: <a href="https://www.theguardian.com/technology/2026/aug/10/mark-zuckerberg-superintelligent-ai-essay-meta" rel="noopener nofollow">Zuckerberg pushes ‘superintelligent’ AI for all as Meta drops open-source model — www.theguardian.com

Source: www.ft.com · Section: business-tech · Bias: Center-Right · Published: Mon, 10 Aug 2026 11:00:02 GMT

Funding values Erebor at $8bn, underscoring growth of lender supported by Silicon Valley investors