Edition:
United Kingdom

Lawrence White

Fintech Revolut to launch in the U.S. by year-end with Mastercard deal

22 Oct 2019

LONDON, Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday.

Fintech Revolut to launch in the U.S. by year-end with Mastercard deal

22 Oct 2019

LONDON, Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday.

Fintech Revolut to launch in the U.S. by year-end with Mastercard deal

22 Oct 2019

LONDON, Oct 22 Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc, the two companies said on Tuesday.

Banks reap $1 billion from U.S. mortgage bond trading boom

15 Oct 2019

LONDON Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing revenue source in investment banking.

RBS investors call on new boss Rose to shrink NatWest Markets

09 Oct 2019

LONDON With weeks to go until Alison Rose takes over as CEO of Royal Bank of Scotland , shareholders are demanding a shake-up of the state-backed lender, with cuts to its minnow investment bank topping their agenda.

The end of Libor - the biggest banking challenge you've never heard of

08 Oct 2019

LONDON On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.  

Metro Bank shares up more than 30% on new bond deal, chairman's exit

02 Oct 2019

LONDON Shares in troubled British lender Metro Bank rose by more than 30% on Wednesday after it announced the successful relaunch of a 300 million pound bond deal and the exit of its chairman and founder Vernon Hill.

African mast operator Helios Towers launches up to $1.8 billion London IPO - source

02 Oct 2019

LONDON African mobile networks operator Helios Towers Ltd priced its initial public offering at 115-145 pence per share on Wednesday, a source familiar with the matter told Reuters, implying a total valuation of $1.42 billion to $1.79 billion.

Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa

30 Sep 2019

LONDON British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc , the two companies said on Monday.

Woodford listed fund seeks to invest more in unquoted stocks

30 Sep 2019

LONDON Woodford Patient Capital Trust (WPCT) wants to boost investment in unlisted stocks and move away from daily pricing of its net asset value, it said on Monday, as it reported a 21% drop in its value since the end of June.

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