Revolut Mulls Private Banking as Trading Business Expands

Revolut has received regulatory permission to expand the scope of its trading business. The approval from the U.K.’s Financial Conduct Authority (FCA) will allow Revolut Trading to bring “investment, advisory and portfolio management under one roof,” Victoria Laffey , the unit’s head of operations, said in a news release provided to PYMNTS on Thursday (May 14). The approval, the release added, will help Revolut bring more sophisticated wealth management alongside the company’s banking and paymen