Revolut made a big jump in 2025. Profit before tax grew by 57% to $2. 3 billion, and revenue rose 46% to $6 billion. The company earned its fifth straight year of net profit, reaching $1. 7 billion with a 38% margin. The growth came from many services. Card payments, subscriptions, foreign exchange
The French navy stopped a ship in the western Mediterranean on Friday. They say the tanker is part of Russia’s shadow fleet, a group that moves oil when sanctions are in place. The vessel, called Deyna, flew a false flag and was headed from Murmansk. French officials said they boarded the s
The latest global happiness study says that scrolling through feeds is hurting young people’s sense of well‑being, especially teenage girls in English‑speaking and Western European nations. The research shows that life satisfaction scores for those under 25 in the United States, Canada, Australia an
Private‑credit lending, a fast‑growing but less visible part of finance, is now catching the eye of investors and banks alike. The sector, which lets private‑equity firms and other nonbank entities lend to companies such as software developers and auto lenders, has ballooned to about $3 trillion.
Axis Bank has decided to add 15 billion rupees, about $162 million, into its consumer lending business, Axis Finance. The move came after the bank’s board approved the funding plan on March 18. Earlier in January, the bank paused plans to sell a share of Axis Finance. This pause followed a
Avon Lake has moved up the safety ladder, landing in Ohio’s fifth safest spot for 2026. This jump from tenth place last year shows the city is improving its standing among the state’s safest communities. The yearly ranking uses FBI crime data, adjusted for population, to compare towns and cities. E
Elon Musk’s new venture, xAI, is looking for people who know money to help train its chatbot, Grok. The company wants real bankers and traders to act as tutors so the AI can understand how financial decisions are made. In its job ads, xAI asks for experts in investment banking, portfolio manageme
BlockFills, a Chicago‑based crypto trading house, announced it is filing for Chapter 11 protection in Delaware after months of financial strain. The firm had stopped letting customers withdraw funds on February 6, citing a lack of liquidity that could not be fixed by new investors or buyers. The
A new digital banking system has appeared on the market. The platform is owned by Providence Trust Inc, a company that wants to make money handling simple for people all over the world. The service works on computers and phones, so users can check their balances, send money, or apply for a loan when
Bitpanda, a Vienna‑based crypto broker with over 7 million users, is shifting its focus from growing user numbers to widening geographic presence. The company plans to supply crypto infrastructure to banks and financial firms worldwide, rather than launching new consumer apps in every market. This a
