Revolut wins FCA approval to launch UK private banking

cryptonews05-16

Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Summary The FCA granted Revolut Trading a Variation of Permissions enabling managed ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2635205998?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-16 08:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2635205998","market":"hk","top_or_hot":-1,"title":"Revolut wins FCA approval to launch UK private banking","media":"cryptonews","content":"<div>\n<p>Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK.\n\n\nSummary\n\n\n\nThe FCA granted Revolut Trading a Variation of Permissions enabling managed ...</p>\n\n<a href=\"https://crypto.news/revolut-wins-fca-approval-for-private-wealth-push/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Revolut wins FCA approval to launch UK private banking</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRevolut wins FCA approval to launch UK private banking\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-16 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/revolut-wins-fca-approval-for-private-wealth-push/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK.\n\n\nSummary\n\n\n\nThe FCA granted Revolut Trading a Variation of Permissions enabling managed ...</p>\n\n<a href=\"https://crypto.news/revolut-wins-fca-approval-for-private-wealth-push/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKCH","symbol_name":"AdvisorShares Sabretooth ETF","start_time":0,"source_url":"https://crypto.news/revolut-wins-fca-approval-for-private-wealth-push/","article_id":"2635205998","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/revolut-wins-fca-approval-for-private-wealth-push/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635205998","pubTimestamp":1778891700,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK.The FCA granted Revolut Trading a Variation of Permissions enabling managed investments and principal dealing for the first time.Revolut plans to launch a UK private banking unit this summer with a 500,000 deposit threshold.The move follows Revolut’s UK banking licence grant in March 2026 and its MiCA crypto licence secured through Cyprus.Victoria Laffey, head of operations at Revolut Trading, said the new permissions are “the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible.”The company is reportedly planning a private banking unit for later this summer, targeting clients with at least 500,000 in deposits. The minimum would position Revolut between Coutts, which recently raised its threshold to 3 million, and the mass affluent segment traditional private banks have largely left underserved.Deribit’s $2","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BKCH":"AdvisorShares Sabretooth ETF","FCA":"First Trust China AlphaDEX Fund","BITQ":"Bitwise Crypto Industry Innovators ETF","DAPP":"VanEck Digital Transformation ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","BITW":"Bitwise 10 Crypto Index ETF","STCE":"Schwab Crypto Thematic ETF","DIME":"CoinShares Altcoins ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF"},"translate_title":"Revolut获得FCA批准推出英国私人银行业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDLC":0.76,"BITQ":0.76,"DIME":0.76,"BKCH":0.76,"LFGY":0.76,"BITW":0.76,"STCE":0.76,"FCA":1.5,"DAPP":0.76,"TEKX":0.76},"content_text":"Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK.\n\n\nSummary\n\n\n\nThe FCA granted Revolut Trading a Variation of Permissions enabling managed investments and principal dealing for the first time.\nRevolut plans to launch a UK private banking unit this summer with a £500,000 deposit threshold.\nThe move follows Revolut’s UK banking licence grant in March 2026 and its MiCA crypto licence secured through Cyprus.\n\n\n\nVictoria Laffey, head of operations at Revolut Trading, said the new permissions are “the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible.”\nThe Variation of Permissions gives Revolut Trading the regulatory tools to manage client investment portfolios and deal as principal, enabling leveraged investment products, discretionary portfolio management and advisory services for retail, professional and high-net-worth clients within a single platform.\nFCA approval opens wealth management push\nRevolut won a full UK banking licence from the Prudential Regulation Authority in March 2026 after a three year application process. The licence transformed the fintech from an electronic money institution into a fully regulated bank, providing the legal foundation required to expand into wealth management and lending.\nThe company is reportedly planning a private banking unit for later this summer, targeting clients with at least £500,000 in deposits. The minimum would position Revolut between Coutts, which recently raised its threshold to £3 million, and the mass affluent segment traditional private banks have largely left underserved.\nRevolut’s wealth division has become a major revenue contributor. The company secured a MiCA crypto licence through Cyprus in October 2025, giving it passportable access to 30 European Economic Area markets for regulated crypto services. More than 10 million customers already hold or trade crypto on the platform.\nThe FCA permissions pair with Revolut’s broader regulatory expansion. The company applied for a US national banking charter in March 2026, targeting access to American payment rails and credit products ahead of a planned 2028 IPO. Wealth revenues at the firm climbed 31% to $876 million in 2025, with crypto activity cited as a meaningful driver.\n\n\n\n\n\n                Read more:\n            \n\n                Deribit’s $2.6B options expiry rattles crypto markets","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635205998","isCrawlerRequest":true}