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UK digital bank posts pre-tax loss despite revenue boost driven by tripling of lending book
Founder who owns 4.9% of digital bank will remain on board of directors
Older customers at risk of being financially excluded as branches close, warns Age UK
Standard Chartered and other incumbents take lead in push for virtual lending
Lenders flag a further £6.2bn of problem loans made to struggling businesses
Investment trust Chrysalis among others snaps up £20mn stake in digital bank
Brussels may resist plan to give businesses the right to demand cash for low-value transactions
FT banking summit hears of sharp turnaround in fortunes after auditors’ fears for its future
Digital lender has been forced to delay IPO because of choppy markets
Digital app’s deposit base of £10bn still trails Goldman Sachs’s Marcus, which has accrued £22bn
The UK start-up’s rapid growth owes a lot to the ‘bounce back’ pandemic business lending scheme
Challenger shifts away from government-backed lending to focus on the mortgage market
TS Anil says unprofitable UK digital bank must press ahead with its big ambitions
How Money Clinic helped online fraud victim Jenny recoup £17,000 from her bank
Lender has become the second in the country to fold after failing to raise capital
New generation of lenders may struggle to pass on increased financial costs to consumers
Technology is helping to overcome concerns about potential customers’ creditworthiness
Forecast is most in-depth it has given since expanding retail presence of Chase brand outside the US
The Covid tech boom could turn out to be a statistical blip
MercadoPago has become one of the most lucrative parts of the Latin American ecommerce giant’s business
Acquisition by US retail brokerage comes almost 2 years after it abandoned a plan to expand into Britain
SoftBank-backed lender’s revenues boosted by improving economic outlook
UK digital bank’s new offering unveiled as high street competitors offer more modest increases
Deal paves way for financial institutions to approve and settle digital securities trades using a distributed ledger
The clever businesses will provide the best choice, digital and analogue, for older customers
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