A growing number of nonfinancial outfits are opening their own banks

NAME START DATE

NORDSTROM Mar. 2000 FEDERATED DEPT. STORES Mar. 2000 BMW Jul. 2000 DREXEL UNIVERSITY Nov. 2000 DEPAUL UNIVERSITY Jan. 2001 VOLKSWAGEN Awaiting approval GENERAL MOTORS Awaiting approval

Data: BusinessWeek

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