Banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.European capitals are drawing up ways to insulate EU decisions from Viktor Orbán’s increasing use of vetoes as Hungary takes over the bloc’s rotating presidency on July 1.The Hungarian prime minister in recent months blocked or delayed a record number of foreign and security policy issues that require unanimity, in part as a way to force access to EU funds frozen over rule of law concerns. In response, the outgoing Belgian presidency of...

BBVA, the Spanish bank facing obstacles in its €10bn hostile bid for Banco Sabadell, is arguing the deal would still be worthwhile even if it only gets half of what it wants — owning Sabadell without being able to merge with it.Spain’s Socialist-led government is firmly opposed to the proposed acquisition of the TSB owner, which would be the biggest transaction in European banking this year. But while it can veto a merger of the two entities, it cannot stop Carlos Torres, BBVA’s executive chair, from launching his all-share tender...

Revolut, a banking giant seeking an excess of $40B valuation, is a top choice for many. In today’s fast-paced digital world, finding a reliable and versatile banking platform is crucial for managing your finances efficiently. Revolut stands out as a top choice, offering a comprehensive suite of financial services, including seamless currency exchange, investment opportunities, and travel perks. With its user-friendly app and innovative features, Revolut empowers users to take control of their financial lives, whether it’s for everyday transactions or global investments. This review will explore Revolut’s offerings, helping...