Revolut and Nationwide sharpen swords in battle to bank Britain Opinion If you had ‘Graham Norton sitting on a horse’ on your banking bingo card, congratulations. The BBC chat show host has swapped his famous sofa with a more equine-shaped seat in a TV appearance already sparking chatter among the upper echelons of the banking sphere. But take a closer look and beyond the Irish comedian’s [...]
Revolut profit booms after poaching record customers from high street banks Fintech Revolut revealed a major boom in its bottom line on Tuesday morning after the fintech giant poached a record amount of customers from its high street rivals. The $75bn digital banking titan posted a 57 per cent surge in group-wide profit to £1.7bn. It came as retail customers expanded by a record 16m as the [...]
Revolut eyes trading and wealth push amid hiring spree Fintech Revolut has laid out its initial blue-print for major expansion in its trading operations after the fintech giant bagged its full-fat UK banking licence earlier this month. The $75bn digital banking juggernaut has kicked off a hiring spree at its Canary Wharf headquarters as well as other financial hubs across the globe. The fintech has [...]
Revolut poised to hit Natwest and Lloyds in deposit war March 20, 2026 Revolut’s long-awaited UK banking licence approval is set to trigger a “deposit war” that could hand a major blow to incumbent giants Natwest and Lloyds. The $75bn fintech juggernaut finally bagged its full-fat UK banking permit earlier this month after a four-year tussle with regulators. Analysts are expecting the move to send ripples across the [...]
Banks keep £100 contactless limit despite new powers March 19, 2026 Britain’s banks will not be lifting the £100 cap on contactless payments despite the regulator giving them the power to do so, citing low demand. The Financial Conduct Authority (FCA) lifted the cap on Thursday, leaving it up to banks to increase their own limits – although none of the UK’s biggest banks have decided [...]
The Capitalist: Reeves lecture, Shoreditch’s flashiest bar and sorry Steve Dinneen! March 19, 2026 Reeves's Mais Lecture, a flashy new toilet design and an apology to our life & style editor; catch up on the latest City shenanigans.
City AM Awards 2026: Meet the Finalists March 18, 2026 The City AM Awards are back and this year our finalists are stronger than ever. Our judges now have the task of voting for an overall winner in each category, to be announced at the Guildhall on May 6. And the nominees are…. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of [...]
Trust, not technology, is the real currency of financial services March 18, 2026 Fintechs are under pressure from outages, data leaks and rising fraud. True financial innovation should make systems safer, more transparent and more reliable for customers, says Nick Murray-Leslie Traditional banks and digital-first fintechs are locked in a battle for customers with much of the industry’s messaging still focused on AI, platforms and digital transformation. But [...]
Revolut to IPO above $100bn, says former licence boss March 13, 2026 The man who steered Revolut’s pursuit of banking licences in its early stages has said he expects the fintech giant to make its public debut with a price tag north of $100bn. In an exclusive video interview with City AM, Will Mahon-Heap, the former head of international and authorisations at Revolut, said: “I think it [...]
Revolut’s triumph reminds us what British tech sector is capable of March 12, 2026 There hasn’t been much good news around lately – between the UK’s miserable growth trajectory, war in the Middle East and the whiff of decay in Downing Street, it’s been hard to find the optimism. But when something genuinely impressive happens in British business, it’s worth pausing to take notice. And this week we had [...]