Revolut has appointed Kuba Fast, the former chief executive of Chase UK, to run Revolut Bank UAB, the Lithuania-based entity that holds the fintech’s European banking licence. The move hands one of the industry’s most closely watched digital lenders a …
OpenAI is recruiting an investment-banking expert to help train its AI on the trade. The job listing seeks a “subject matter expert” with at least two years of investment experience for its Applied AI team in San Francisco. Base pay runs from $185,000 …
Samsung Electronics guided to second-quarter operating profit of about 89.4 trillion won ($58.4bn) on Tuesday, roughly 19 times what it made in the same period a year earlier and, by most counts, the largest quarterly operating profit any technology co…
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own ban…
Analysts expect around 86 trillion won in second-quarter operating profit, a third straight record, as DRAM and NAND prices climb. Samsung Electronics is on course for one of the strangest earnings comparisons in its history. Analysts expect the compan…
Citigroup chief executive Jane Fraser says the financial sector is running two AI races at once, she told the South China Morning Post. The first is applying AI to business models to drive revenue growth, shortening product development cycles and impro…
Starling Bank is cutting around 130 jobs, roughly 3% of its 4,000-strong workforce, as the London-based neobank restructures its banking and technology operations. Staff were told this week that the changes were intended to simplify how the company ope…
Nearly a million people who bought President Donald Trump’s $TRUMP memecoin have collectively lost $3.81 billion, according to an analysis by blockchain analytics firm Nansen. The data, which covers all transactions through the end of June, found that …
Germany’s cooperative banks and savings banks, the local institutions that handle mortgages, current accounts, and small business loans for tens of millions of customers, are rolling out their own cryptocurrency trading services. The move will bring di…
The trade that defined the first half of 2026, buying anything with proximity to a GPU, broke apart in the holiday-shortened week before Independence Day. The PHLX Semiconductor Index, which had surged more than 80% in the first half, sank 6.3% on Wedn…