After years, Revolut gets its UK banking licence
London-headquartered fintech Revolut has officially received its UK banking licence—albeit currently with restrictions—from the Prudential Regulation Authority (PRA), the financial...
archiveprudential regulation authority
HSBC fined US$73 million by UK watchdog Prudential Regulation Authority for incorrectly excluding customers’ cash from protection scheme
HSBC Holdings was fined £57.4 million (US$73 million) by the UK for incorrectly excluding billions of pounds of its customers’...
Treasury in talks with Bank of England as Metro Bank seeks emergency cash
Treasury officials were in talks with the Bank of England on Thursday night after Metro Bank’s shares plunged by more...
Is the Bank of England now a leader of the UK’s Net Zero transition? Don’t bank on it!
The Bank of England’s new formalised commitment to contributing to the fight against climate change has been met with mixed...
