Banking

Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a jump in users saw the firm report record full-year pre-tax profits.In an exclusive interview with CNBC, Nikolay Storonsky, Revolut's CEO and co-founder, said that the company is feeling confident about securing its British bank license, after overcoming some key hurdles in its more than three-year-long journey toward...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Some of Europe’s biggest industrial groups are urging Brussels to toughen subsidy requirements to curtail the threat to the region’s hydrogen equipment manufacturers from cheap Chinese imports. They want “made in Europe” criteria to protect the home industry as equipment from Chinese manufacturers costs less than half the price of those from domestic companies, according to consultancy BloombergNEF. “European leadership is under acute threat . . . The time has come for a shift in European...