Revolut expands trading, eyes private banking

Revolut has secured regulatory approval from the U.K.'s Financial Conduct Authority (FCA) to broaden its trading business operations. This significant expansion allows Revolut Trading to consolidate investment, advisory, and portfolio management services under a single umbrella. The move signals a strategic push by the fintech giant to enhance its financial offerings and potentially move into the private banking sector. This regulatory green light is a key step in Revolut's ongoing efforts to diversify its services and deepen its market presence within the competitive financial landscape.