Banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British banking licences do not generally set pulses racing. After all, the Prudential Regulation Authority has issued almost 40 over the past decade to new banks including Starling, Monzo and OakNorth. But London-based fintech Revolut has been battling to join the list for more than three years. It has finally got its wish. But that achievement on its own won’t be enough to put all doubts behind it.Revolut’s difficulties securing a UK banking...