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banking licence

  • Europe’s second largest neobank joins rush for US banking licence

    Fintech

    Europe’s second biggest digital bank has become the latest fintech aiming to capitalise on President Donald Trump’s deregulation agenda after filing for a US banking licence. Bunq has set its sights on the US after lodging an application for a national charter to operate as a bank with a US Treasury Bureau. The Dutch challenger [...]

    Ali BU21 presentation at a business conference, showcasing innovative strategies and industry insights.
  • How Natwest, Lloyds, Barclays and HSBC fired up the FTSE 100 in 2025

    Banking

    If 2025 was supposed to be the year of the AI bubble, nobody told Britain’s banking giants. Amidst the noise of the US tech boom, the UK’s FTSE 100 banking heavyweights, Natwest, Lloyds, Barclays, and HSBC, have staged a formidable, if understated, rally. Lloyds delivered an astonishing 75.8 per cent gain, while Barclays surged 65 [...]

    City banks could be in for a tax raid come the Autumn Budget.
  • Is HSBC’s chair hunt really over?

    Banking

    Safe, but surprising – that was the verdict across the City as Britain’s biggest bank unveiled its new chair after a twist-and-turn search.  Brendan Nelson will take the post at HSBC, succeeding Sir Mark Tucker, whose exit in September left the bank without a permanent chair for weeks. Except for Nelson. Indeed, the seasoned accountant [...]

    HSBC's Canary Wharf office.
  • HSBC taps KPMG veteran Brendan Nelson to chair banking giant

    December 3, 2025

    Europe’s biggest lender, HSBC, has named a new chair following its tumultuous recruitment programme after the departure of Sir Mark Tucker. HSBC tapped KPMG veteran Brendan Nelson, who has also served on the boards of BP and Royal Bank of Scotland, as its new chair. Nelson joined the banking giant’s board in 2023 and has served [...]

  • Barclays boss: Revolut ‘laid gauntlet down’ with $75bn price tag 

    December 2, 2025

    The boss of Barclays has said traditional lenders could “learn” from the growing success of their challenger rivals after Revolut surpassed its valuation. CS Venkatkrishnan – known as Venkat – said fintech banks have “laid the gauntlet down,” when asked about Revolut’s new $75bn (£57bn) price tag. The latest milestone from the fintech juggernaut, which [...]

  • Revolut’s UK banking licence bid faces global risk scrutiny

    October 14, 2025

    Revolut’s pursuit of a full UK banking licence has hit another stumbling block as regulators seek further information on the fintech’s risk controls in light of its accelerating overseas growth. Officials at the Bank of England have sought commitment from the digital banking juggernaut that it will bulk up its risk management infrastructure to match [...]

  • Autumn Budget: Why are banks in Rachel Reeves’ tax crosshairs?

    October 7, 2025

    The “pass the parcel” of Budget speculation has fallen back into the lap of the banking industry with the nation’s top lenders finding themselves as a potential subject of a November cash grab. Fresh reports have indicated Rachel Reeves is actively considering a raid on Britain’s banking giants – even as she continues to make [...]

  • Stalling Starling revs up Engine in rebrand

    September 24, 2025

    Veteran of the UK fintech industry Starling has overhauled its brand with a fresh colour palette, a new slogan and even a new name. The digital lender announced last week it would drop the word “Bank” from its banking arm’s name in a move analysts have described as a “significant” step in its evolution. The [...]

  • Natwest and HSBC shares dip as bank tax chatter heats up

    September 22, 2025

    Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain’s banking giants. Natwest tumbled as much as 1.3 per cent to 506p when markets opened, while HSBC fell 0.6 per cent to 1,022p. Barclays fell nearly 0.2 per cent to 381p. Lloyds was broadly flat [...]

  • Wise mulls UK banking licence after ditching London listing

    September 1, 2025

    Money transfer firm Wise is looking into a UK banking license following the fintech ditching its primary listing on the London stock market earlier this year. The company has reached out to financial services heavyweights in the last two months regarding roles related to starting a banking business in the UK, according to The Times. [...]

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