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Fintech firm Revolut moves closer to UK banking licence after first annual profit
Company criticised for late filing of accounts made profit of £26.3m in year to December 2021

Anna Isaac City editor

01, Mar, 2023 @11:30 AM

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Revolut: can the chancellor’s fintech favourite fix its image problem?
The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

Kalyeena Makortoff and Anna Isaac

20, Feb, 2023 @5:00 AM

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Fintech firm Revolut assembles behavioural team after criticism of its corporate culture
Exclusive: Company denies creation of team to track overhaul is part of effort to secure UK banking licence

Kalyeena Makortoff Banking correspondent

16, Jan, 2023 @10:49 AM

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Investors convert ‘totally worthless’ NFTs into tax write-offs
A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanish

Edward Helmore in New York

29, Dec, 2022 @2:17 PM

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Bitcoin has rallied. What are crypto’s true believers still smoking?
FTX’s filing for bankruptcy was an existential event – and may signal the moment when grown-up thinking re-entered the room

Nils Pratley

14, Dec, 2022 @6:43 PM

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Boris Johnson hails blockchain ‘possibilities’ at Singapore conference
On post-No 10 lecture circuit, former PM says there must be ‘measures to protect public from Ponzi schemes’

Rowena Mason Whitehall editor

02, Dec, 2022 @3:20 PM

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How Tide’s determined rise cost UK taxpayers millions
The fintech gained a wave of new customers after signing up to the Covid bounce back scheme, but now a third of the loans it made have gone bad

Kalyeena Makortoff Banking correspondent

10, Sep, 2022 @3:00 PM

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Klarna losses more than triple as consumer spending slows
Buy now, pay later firm will issue smaller loans to some customers to return to profitability

Kalyeena Makortoff Banking correspondent

31, Aug, 2022 @12:31 PM

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Why is the Reserve Bank of Australia exploring digital currency options?
The RBA is looking into the idea of a central bank digital currency as cryptocurrencies continue to gain popularity

Peter Hannam

13, Aug, 2022 @8:00 PM

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Digital bank Starling reports first profit on back of strong loan book
‘Landmark’ for eight-year-old British enterprise as it turns £14m loss into £32m annual profit helped by Covid loans

Kalyeena Makortoff Banking correspondent

21, Jul, 2022 @2:39 PM

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Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing
Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

Rob Davies

15, Jul, 2022 @2:56 PM

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Klarna sees its value slashed by 85% in latest round of fundraising
‘Buy now, pay later’ firm, once Europe’s most valuable private tech company, valued at less than $7bn

Mark Sweney

11, Jul, 2022 @4:32 PM

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