A fintech company called Revolut finally received a full UK banking licence, allowing it to offer customers in Britain real‑time bank accounts. The approval ends a long wait that had kept the firm from fully serving its home market. Revolut’s chief executive explained that launching a UK bank had a
The luxury retail giants are trimming their physical footprints to stay afloat. In a new move, the parent company will shut 12 Saks Fifth Avenue locations and three Neiman Marcus shops by the end of May. This follows earlier closures that ended in April, bringing the total number of shutdowns to 24
SoftBank is planning a huge loan that could reach $40 billion, aiming to boost its stake in OpenAI, the maker of ChatGPT. The move would be one of the biggest dollar‑only borrowings in the company’s history and is intended as a short‑term bridge, lasting roughly twelve months. Several large banks ar
The Central Bank of Kazakhstan plans to put up to $350 million into crypto‑related investments, moving beyond traditional gold and foreign‑exchange holdings. This money will come from the country’s nearly $70 billion in reserves, a move that shows a desire to diversify assets with a relatively sm
Citigroup is set to add bitcoin custody for big investors later this year, blending the digital coin into its standard asset safekeeping and reporting tools. The plan lets clients hold bitcoin alongside stocks, bonds, and cash in one account, making it easier to mix digital and traditional assets fo
Two young bankers from a large Wall Street firm were caught in an unapproved magazine shoot that flaunted their expensive clothes and social outings. The photos were not cleared by the company before publication. One banker was photographed in a designer suit and a luxury watch, while the other wor
ZeroHash, a company that builds tools for stablecoins, has filed with the Office of the Comptroller of the Currency to become a national trust bank. This type of charter lets it offer special digital‑asset services without running a traditional retail banking business. The firm wants to provide cus
A meeting in a New York federal court is set for Tuesday. U. S. lawyers and Halkbank’s team will meet Judge Richard Berman in Manhattan. The talk could decide the next part of a long legal battle. The case began when U. S. prosecutors charged Halkbank in 2019. They say the bank helped Iran
Citigroup is working on a new service that will let investors keep bitcoin in the same kind of secure account they use for stocks and bonds. The idea is to make the digital currency feel as safe and easy to manage as any other asset. The bank’s chief of digital‑asset custody said the new offering w
The U. S. Treasury has decided to send a senior official to Switzerland next week. The goal is to strengthen cooperation against illegal money flows. The trip comes after Swiss regulators shut down a small private bank. The bank faced allegations of money‑laundering and violations of sanctions on
