Google wades into banking even as it faces new federal probe into shady medical data collection

Reuters Arnd Wiegmann

Google wants you to trust it with your money, even as its latest privacy scandal, where millions of Americans’ medical records were covertly slurped up to power a secret AI project, has triggered another federal investigation.

Google is rolling out a consumer finance division, currently codenamed Cache, in partnership with Citigroup and a Stanford University credit union, the Wall Street Journal revealed on Wednesday. The search behemoth will begin offering checking accounts to customers next year, muscling into yet another market, despite a mounting stack of federal investigations targeting potential antitrust abuses.

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