Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust (Elias Schisgall/Wall Street Journal)

Elias Schisgall / Wall Street Journal: Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust — The financial technology company is seeking to establish a federally regulated, uninsured national trust bank — Block wants to build a bank.