Revolut scraps plans to buy US lender in favour of push for standalone licence, FT reports
Revolut has scrapped plans to buy a US lender and will instead apply for an American banking licence, the Financial Times reported, citing people familiar with the matter.
The company has held talks with US officials about seeking a licence through the Office for the Comptroller of the Currency (OCC) in hopes of a quick process amid the Trump administration’s deregulatory push, according to the report.
In a response to the report, Revolut told Reuters it continues to actively explore all options, including a de novo bank licence application in the US.
„The US market is critical for Revolut’s global growth strategy and our long-term plan is to establish a bank in the US,” Revolut said in an emailed statement to Reuters.
Dariusz Mazurkiewicz – CEO at BLIK Polish Payment Standard
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
