Banking

For anyone following the fintech sector, you may have noted some significant changes with Revolut, a key player in the online banking realm. In a noteworthy move, this UK-based fintech company relocated its global headquarters to Canary Wharf as it positions itself to secure a UK banking license. This marks another milestone in the rapidly evolving landscape of digital banking.Revolut makes a strategic moveIn a strategic business move, Revolut, which was initially based on the outskirts of London, made the decision to shift its global headquarters to Canary Wharf. This...

Stay informed with free updatesSimply sign up to the EU energy myFT Digest -- delivered directly to your inbox.Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite the region’s efforts to wean itself off Russian fossil fuels since the full scale invasion of Ukraine.While one-off factors drove the reversal, it highlights the difficulty of further reducing Europe’s dependence on gas from Russia, with several eastern European countries still relying on imports from their neighbour.“It’s striking to see the...