Monzo, the UK-based digital bank, has announced its first full year of profitability. According to the financial results for the 2023-2024 fiscal year, the company reported pre-tax profits of £15.4 million, a significant improvement from the £116.3 million loss the previous year. Revenues also saw a substantial increase, totaling £880 million compared to £355.6 million
Bunq, the Dutch digital bank known for its rainbow-colored cards and focus on “digital nomads,” is in the process of obtaining a banking license from U.K. financial regulators. CEO and founder Ali Niknam expressed his hopes of securing the license by the end of the year or early next year, as the U.K.’s regulatory processes
North Dakota Governor Doug Burgum has found himself at the center of controversy surrounding allegations that former President Donald Trump had promised to reduce regulations in exchange for political donations from oil executives. The claims, reported by the Washington Post, suggest that Trump had made promises to top oil executives in a meeting at his
In today’s volatile market environment, investors are constantly seeking ways to diversify their portfolios and protect against downturns. One such strategy is to invest in dividend-paying stocks, which provide a steady stream of income even when stock prices are fluctuating. According to Wall Street experts on TipRanks, one of the top dividend picks this week
The rise of Financial TikTok, also known as #FinTok, has taken the social media world by storm. Generation Z, in particular, has shown a keen interest in using TikTok as a source of financial information, tips, and advice. According to the CFA Institute, Gen Zers are more likely to engage with finfluencer content on platforms
Kelly Harry’s experience as an account executive in ad sales highlights a common issue in the workforce – being underpaid and undervalued. Many individuals, like Harry, are unaware of their true worth until a conversation or realization sparks the discovery. It is crucial to understand the market demand for your skills and not solely rely
Italy, with its picturesque landscapes, historic sites, and world-class cuisine, has always been a magnet for tourists. However, the influx of visitors has started to take a toll on the country’s infrastructure. From congested roads to overcrowded attractions, the challenges of over-tourism are becoming more evident. Boat drivers in Lake Como have expressed frustration with
In 2019, Adam Moelis embarked on a journey to revolutionize the way Americans save money by co-founding a fintech startup called Yotta. His vision was to provide consumers with a novel approach to financial stability, allowing them to navigate life’s uncertainties with ease. However, what transpired was far from his intentions. A dispute between Yotta’s
The CEO of VanEck, Jan van Eck, has recognized 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. Describing it as one of the most remarkable developments in securities regulation in his career, van Eck emphasized the importance of
Pfizer’s drug for an advanced form of lung cancer, Lorbrena, has shown promising long-term results in a late-stage trial. The drug has helped patients live longer without cancer progression, with most patients experiencing this benefit for over five years. Additionally, Lorbrena has been found to reduce the risk of cancer progression in the brain, a