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 ...

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

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

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

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 ...

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

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

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

At the core of some of the UK's pressing issues is Fintech Revolut, which has been waiting for over three years to secure a ...

Revolut is reportedly weighing up buying an American lender to allow it to operate in the US as the wait for full authorisation in the UK drags on.

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

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 ...