The news: Wells Fargo recently wrote a memo detailing opportunities that exist for banks should the United States Postal Service (USPS) be privatized by the US government.

How we got here: President Trump has expressed interest in moving USPS under the Department of Commerce, signaling a step toward privatization, per The Postal Times. Former Postmaster General Louis DeJoy collaborated with the Department of Government Efficiency to advance the plan before stepping down in March.

And Wells Fargo—with its historical roots in courier services—has been watching this movement closely.