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Briefing

SoftBank Butts Heads with Revolut Over Plan to Secure Banking License

By
Mark Matousek
· · Source: Financial Times

Revolut shareholder SoftBank is asking the UK based fintech to change terms of a share restructuring designed to help Revolut receive a UK banking license, The Financial Times reported on Friday. The Bank of England is reportedly requiring that Revolut consolidate its six classes of shares into a single class before it can receive a banking license. But SoftBank is asking Revolut for twice as...

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