Banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Revolut reported record profits last year as the UK fintech reaped the rewards from higher interest rates and an aggressive expansion plan.The London-based company said on Tuesday that it made a pre-tax profit of £438mn in 2023, up from a loss of £25mn the previous year. Its revenues almost doubled to £1.8bn. Founded by Nikolay Storonsky and Vlad Yatsenko in 2015, Revolut has pursued an ambitious international expansion, outstripping the growth of...

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Hungarian Prime Minister Viktor Orbán, the EU and Nato’s most prominent pro-Russian leader, travels to Kyiv today for the first time since Moscow’s full-scale invasion of the country.Today, we explore how EU far-right governments working in tandem could hold a blocking minority to veto decisions, and our man in the...