• Monzo launches interest-earning savings accounts

    14 days ago - By Tech Crunch

    Well, you have to admire a staggered PR plan. Monzo, the U.K. challenger bank that just announced £85 million in Series E funding and its entrance into the fintech unicorn club , is rolling out a new feature today. The banking upstart is adding interest-earning savings accounts as an upgrade to its existing “Pots” functionality that launched last November.
    The new “Savings Pots” feature is being offered in partnership with third party bank Investec Corporate & Investment Banking and lets you earn 1 percent interest on the money you specifically allocate to a Savings Pot. It is the first...
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  • Brexit could cause 'serious damage' for foreign investment into the UK, new study says

    14 days ago - By CNBC

    Foreign investment into the U.K. has fallen by 19 percent since the Brexit vote in 2016, a new study has found.
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  • What U.K.'s Brexit ‘Equivalence' Plan Means for Banks

    14 days ago - By Washington Post

    British banks have had to lower their expectations for how they'll do business with the European Union after the U.K. leaves the bloc. The U.K. government dropped its initial demand that British-based banks retain easy access to the bloc, instead proposing a framework based on one available to countries outside the EU. It's an arrangement known as regulatory “equivalence.” And it's a plan whose basis the EU may be ready to endorse.
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