Kansas bank commissioner to tighten screws on subsidiary of troubled Beneficient company

Kansas Bank Commissioner David Herndon recommended the Kansas Legislature withdraw a bank charter issued four years ago to a subsidiary of Texas-based Beneficient and to repeal the state law allowing comparable financial companies working in the illiquid-asset marketplace to apply for a charter. Photo Credit: THAD ALLTON / KANSAS REFLECTOR
By Tim Carpenter Kansas Reflector Kansas bank regulators informed legislators Thursday a corrective action order would be issued to the state-chartered subsidiary of the Beneficient…

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