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

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

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

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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...
Bussiness

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

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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...
Infra

LatAm Fintech Infrastructure Leader Prometeo Expands Footprint To US Market

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Prometeo, a leading fintech...
Bussiness

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

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

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

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

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

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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...
Bussiness

Russian court seizes two European banks’ assets amid Western sanctions

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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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