OakNorth: Shareholders to be handed £40m as US expansion boosts profit Banking Profit at challenger bank OakNorth has surged thanks to its expansion into the USA, it has been revealed. The London-headquartered digital bank has reported a pre-tax profit of £214.8m for 2024, up from the £187.3m it posted for the previous 12 months. Over the year, OakNorth provided more than £2.1bn in gross new lending to [...]
Revolut adds ‘Revpoints’ and financial market trading tools in bid to become money super app Fintech Revolut announced two new products, focusing on travel discounts and bond trading, on Tuesday as the fintech looks to diversify its revenue streams and achieve superapp status.