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

British music festivals stage tentative revival with perks and payment plans

By Harry Robertson LONDON, Aug 8 (Reuters) - Britain's music festivals are showing signs of…

2 hours ago

KATSEYE hit by another hiatus as Sophia Laforteza steps back

By Danielle Broadway LOS ANGELES, Aug 7 (Reuters) - Sophia Laforteza, the leader of global…

10 hours ago

Lawyers for Andrew and Tristan Tate urge US judge to release them from jail

Aug 7 (Reuters) - Lawyers for social media influencers Andrew and Tristan Tate urged a…

16 hours ago

Take-Two touts 'unprecedented GTA VI pre-orders', but maintains bookings target

By Deborah Mary Sophia Aug 7 (Reuters) - Take-Two Interactive said on Friday it is…

16 hours ago