Monzo, Open AI, Revolut and Klarna: The IPOs to watch out for in 2025 January 3, 2025 While economic uncertainty prompted a cautious approach to IPOs in 2025, several high-profile companies are preparing to float in 2025. From leading fintechs such as Monzo, Revolut, and Klarna to global giants such as OpenAI and SpaceX, some of the most exciting growth companies in recent years could IPO this year. Here is a look [...]
Barclays, Natwest and Revolut: Top bankers chew the fat at City summit December 3, 2024 Executives, investors and even royalty turned out for the first day of Financial Times’ annual Global Banking Summit in London on Tuesday.
After fining Metro Bank and Starling, which challenger bank will the FCA target next? November 13, 2024 The Financial Conduct Authority has signalled that it is ready to take a hard line against challenger banks for financial crime failings after dishing out hefty fines to young lenders.
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO October 28, 2024 Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
Starling Bank fined £29m for ‘shockingly lax’ financial crime controls October 2, 2024 The Financial Conduct Authority (FCA) has fined digital challenger bank Starling £28.96m for failings related to its financial crime controls that the City regulator called "shockingly lax".
Monzo celebrates fourth year on top of bank satisfaction rankings August 15, 2024 Monzo has once again taken first place in an official league table measuring whether customers would recommend their bank to friends and family, with the firm marking four years in the top spot. The digital-only bank, founded in 2015, has topped the Competition and Markets Authority’s (CMA) biannual current account satisfaction ranking since August 2020, [...]
Mark Kleinman: Challenging times for challenger banks June 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes
Starling Bank cracks down on debtors as regulator probes financial crime controls June 19, 2024 Starling Bank has taken legal action against two dozen bad debtors as it grapples with rising defaults and a City watchdog probe into its financial crime controls.
Starling Bank posts third annual profit ahead of expected London listing June 12, 2024 Starling Bank has posted its third full year of profitability as the digital-only lender grew its customer base and reaped the benefits of higher interest rates ahead of a planned IPO.
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.