Rachel Reeves has clashed with the Bank of England as Revolut’s regulatory woes continue in its mission to secure a banking ...

A year on from gaining a U.K. bank license, Revolut is still in a “mobilization” phase which limits the amount of customer ...

The company is also considering the option of applying for a banking licence on its own, according to the Financial Times.

Bailey must be well aware of this. It shows not only in his opposition to Reeves’s advocacy of deregulation, but also in a ...

Andrew Bailey blocked an attempt by Rachel Reeves to set up a meeting between Britain’s most valuable fintech company and ...

The Chancellor and the governor of the Bank of England have had several disagreements over the past year. But their latest ...

Bank of England governor Andrew Bailey halts Rachel Reeves’s meeting with Revolut, citing concerns about political pressure ...

Fresh off a losing battle with the left wing of her own party over spending cuts, UK Chancellor of the Exchequer Rachel Reeves has run into a pillar of the establishment, central bank chief Andrew ...

Tensions between the UK Treasury and the Bank of England have escalated over the stalled approval of Revolut’s full banking licence, prompting a rare and ...

The Bank governor scrapped a three-way meeting involving the Prudential Regulation Authority, the Treasury and the fintech ...

The Bank of England governor has reportely clashed with chancellor Rachel Reeves over efforts to accelerate Revolut's ...

The company has been awaiting a green light from city regulators including the Bank of England and the Financial Conduct Authority since 2021. Revolut said that its decision to open a new global ...