Revolut and Nubank want to make neobanking their world Fintech Nubank’s takeover talks with Monzo shocked the City. In this week’s column, Samuel Norman takes a look at how and why a deal might emerge and the battle that lies ahead with Revolut. Around a decade ago, a handful of colourful plastic cards found their way into Brits’ wallets. Monzo was one of the first, [...]
Atlanta set for major economic boost as England World Cup fans spend Sport Business Atlanta is set to enjoy a major economic boost from England fans at the World Cup after Brits splashed the cash in Miami last week. Spending data from Revolut shows that UK customer spending in Miami was up 322 per cent on Saturday, when England beat Norway 2-1 to book a spot in tonight’s semi-final [...]
JP Morgan poaches Monzo’s banking officer to head up Chase UK Banking JP Morgan has poached a top executive from Monzo to head up Chase UK. The Wall Street giant has hired Kunal Malani, who has served as chief banking officer at Monzo since 2020, to lead its UK-based digital banking service. Malani has had stints at Barclays and HSBC in his retail banking career before heading [...]
JP Morgan’s Chase sets sights on UK insurance market February 4, 2026 Global banking giant JP Morgan has set its sights on the UK insurance market with its consumer arm Chase set to enter the scene. The new offering, branded as Chase Protect, will envelope its essential coverage bundle into one single month fee, designed as an add-on for current account holders. While JP Morgan has operated [...]
Hargreaves Lansdown overhauls fees in face of rising competition January 26, 2026 The UK’s largest DIY investment platform is reducing fees for roughly half of its 2m-plus customers as it continues to face escalating competition within the industry. Hargreaves Lansdown said it will cut its annual account and share dealing fees, but add a charge for fund trading in its first overhaul of pricing in more than [...]
UK bank ramps up fight for savers after rebrand January 22, 2026 The battle to bank Britain’s savers has ramped up with the arrival of a new name, set to challenge ‘easy access’ incumbents such as JP Morgan’s Chase, Goldman Sachs’ Marcus and fintechs like Oaknorth. The former UK arm of Jamaica National Group, previously dubbed JN Bank UK, has revamped its operations after being sold in [...]
Brits set their sights on affording comfortable retirement September 2, 2025 British adults have set their sights on affording a luxury retirement, but rising costs have soured some saver’s hopes. Nearly 8m Brits have made securing a comfortable retirement their main financial priority, according to research from consumer banking business Chase. A comfortable retirement allows more financial freedom and luxuries, such as holidays and greater non-essential [...]
UK banks carry out sweeping branch closures as customers go digital August 22, 2025 Some of the biggest traditional banks have shut more than one in three of their UK branches over the past five years as they turn away from the high street and dash to bulk up their digital offerings. Data from the Office of National Statistics (ONS) shows the number of bank, credit union and building [...]