Categories: Business

Revolut scraps plans to buy US lender in favour of push for standalone licence, FT reports

Jan 23 (Reuters) – Britain's Revolut has scrapped plans to buy a U.S. lender and will instead apply for an American banking licence, Financial Times reported on Friday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Preetika Parashuraman in Bengaluru; Editing by Sonia Cheema)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

BRIEF-Exail Delays H1 Results To No Later Than October 10

Sept 25 (Reuters) -: * SAID ON THURSDAY IT POSTPONES PUBLICATION OF ITS RESULTS FOR…

3 minutes ago

Cambodia to target scam 'masterminds' as critics question crackdown's effectiveness

* Legal action requires time and solid evidence, anti-scam minister says * Analysts say Cambodia's…

7 minutes ago

Explainer-The road ahead for Volkswagen's restructuring

By Rachel More and Christina Amann BERLIN, Sept 25 (Reuters) - Volkswagen CEO Oliver Blume…

9 minutes ago

Taylor Swift releases 'Encore' to her hit 'Showgirl' album

By Lisa Richwine LOS ANGELES, Sept 24 (Reuters) - Pop music superstar Taylor Swift released…

12 minutes ago

BRIEF-Softlab H1 EBITDA €1.2 Mln

Sept 25 (Reuters) - Softlab SpA: * REPORTED ON THURSDAY H1 REVENUE €14.9 MLN *…

14 minutes ago

Brewers take down Phillies for franchise's first 100-win season

VIDEO SHOWS: HIGHLIGHTS OF PHILADELPHIA PHILLIES V MILWAUKEE BREWERS MLB GAME  RESENDING WITH COMPLETE SCRIPT…

16 minutes ago