Palmer Luckey’s Erebor bank eyes an $8bn valuation as deposits quadruple

A bank that barely existed a year ago is now chasing a valuation most European lenders can only dream of. Erebor was founded by Anduril’s Palmer Luckey and backed by Peter Thiel. It is in talks to raise at a valuation of at least $8bn, and its deposits have almost quadrupled in three months. That…