Dutch digital bank Bunq is facing challenges in securing a banking license from U.K. financial regulators. The CEO and founder, Ali Niknam, expressed hope that they will be successful in obtaining the license by the end of this year or early next year. The process may be more complex due to the differences in regulatory
Art
Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. The fintech startup revealed in its annual financial report that it had achieved pre-tax profits amounting to £15.4 million ($19.6 million) during the 2023-2024 fiscal year. This marked a significant turnaround from the previous year, where Monzo
Former President Donald Trump allegedly made promises to oil executives in exchange for their help in raising funds for his re-election campaign. According to reports, Trump claimed that he would roll back environmental regulations and policies set by the Biden administration if they were able to raise $1 billion for him. However, North Dakota Governor
The emergence of Financial TikTok, or #FinTok, has drawn the attention of many individuals, particularly those belonging to Generation Z. This group has shown an increasing interest in obtaining financial information, tips, and advice through various social media platforms like TikTok, YouTube, and Instagram. This shift can be attributed to the limited access this generation
Investors looking for stability and growth potential may want to consider tech giant IBM. With a solid track record of paying dividends and generating free cash flow, IBM offers a dividend yield of about 4%. Despite facing challenges in the first quarter, including a mixed revenue performance and macro uncertainties, IBM remains a favorite among
When Adam Moelis co-founded a fintech startup named Yotta in 2019, he had noble intentions. Unfortunately, the company has become a source of distress for thousands of customers due to a dispute between Yotta’s banking partners, Synapse and Evolve Bank & Trust. The fallout has left 85,000 Yotta customers locked out of their accounts, totaling
The CEO of VanEck, Jan van Eck, has highlighted a significant sentiment shift in the cryptocurrency market following the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. Van Eck expressed his amazement at this development, stating that it is one of the most remarkable occurrences he has witnessed
The picturesque town of Bellagio, located on Lake Como in Italy, is grappling with the negative consequences of overtourism. Boat drivers, who rely on tourists for their livelihood, have been vocal about the challenges posed by the massive influx of visitors. The narrow two-lane roads are unable to accommodate the heavy traffic, resulting in significant
For individuals who fall into the category of higher earners and are looking to increase their tax-free retirement savings, there is a strategy that may not be widely known but could prove to be extremely beneficial. Unlike traditional Roth IRA contributions, some individuals may earn too much to qualify for direct contributions. However, mega backdoor
Pfizer recently unveiled exciting news regarding its drug, Lorbrena, in the treatment of advanced lung cancer. The results of a late-stage trial showed promising long-term outcomes, positioning Lorbrena as a potential new standard in addressing this condition. The drug demonstrated the ability to extend patients’ lives without cancer progression for over five years, along with