WASHINGTON — The payments processor Square confirmed Thursday that it has withdrawn its application to open a depository bank, although it plans to refile with a top regulator at a later date.

Square (NYSE: SQ) applied for a banking license late last year, but it withdrew its application over the summer after the Federal Deposit Insurance Corporation, or FDIC, raised some questions about ...

Square Inc. may be planning to re-file its application for deposit insurance with the Federal Deposit Insurance Corp., but that isn’t stopping its main opponent from celebrating the fact that the ...