PayPal is about to open a bank. On December 15, this global payment giant with 430 million active users officially submitted an application to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions, planning to establish an industrial bank (ILC) named "PayPal Bank." However, just three months earlier on September 24, PayPal had just announced a major deal, selling its $7 billion "buy now, pay later" loan assets to asset management company Blue Owl...