Cristobal de Atucha

Citigroup is revamping its referral incentives, shifting from shared revenue pools to direct payments for employees who generate cross-division business. The change underscores a broader push among universal banks to deepen collaboration across business lines, mirroring initiatives like Goldman Sachs’ “OneGS” and Morgan Stanley’s integrated firm strategy.

Revolut has finally secured a full UK banking licence from the Bank of England’s Prudential Regulation Authority. The approval enables Europe’s most valuable fintech to lend at scale in its home market and introduce a full suite of banking products to its 13m UK customers. “Launching our UK bank has been a long-term strategic priority for Revolut . . .

Ahead of the US strike on Iran, 12 newly created wallets placed about $67k in bets on Polymarket predicting an imminent attack. The accounts ultimately generated roughly $330k in profits, raising concerns that anonymous crypto-based prediction markets could allow insiders to profit from sensitive geopolitical information. “If a new wallet makes a very large bet on a single issue, you have to wonder why they’re doing that. We do see people do that who are wrong . . .