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Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant...

Beware finance bros: AI is coming for banking before any other kinds of jobs, Citigroup warns

Bad news for the one percent: According to a new exhaustive report from Citigroup, finance is on track to bear the brunt of AI-related...

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

Zilch CEO Phil Belamant.ZilchLONDON — British fintech firm Zilch said Wednesday it's raised $125 million in debt financing from German banking giant Deutsche Bank...

Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt

The Credit Suisse Group AG headquarters in Zurich, Switzerland, on Thursday, Aug. 31, 2023.Bloomberg | Bloomberg | Getty ImagesA group of Credit Suisse bondholders...

Citi fined $79 million by British regulators over fat-finger trading and control errors

People walk by a CitiBank location in Manhattan on March 01, 2024 in New York City. Spencer Platt | Getty ImagesLONDON — British regulators on...

Brutal bank branch closures leave millions of youngsters angry and frustrated po

Brutal bank branch closures have left millions of young people angry and frustrated, new research reveals.A poll shows half of those aged 16-24 are...

Russian court seizes two European banks’ assets amid Western sanctions

Freezing hundreds of billions of dollars in lenders’ assets was part of dispute over gas project halted by sanctions.A Russian court has ordered the...

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