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Simon Hunt

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Articles

Revolut takes step closer to US bank launch after clearing key regulatory hurdle

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By Simon Hunt Verified
| MSN UK Verified
Revolut has taken a step closer to launching a bank in the US after clearing a major regulatory hurdle. The Canary Wharf-based business has received conditional approval from the Office of the Comptroller of the Currency for its American national bank charter. The UK's biggest fintech is progressing its application with the Federal Reserve and the Federal Deposit Insurance Corporation, both of which it will need to secure ahead of plans to open its US bank as soon as next year.
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Jim O'Neill: Capital gains tax hike looms as top option for Burnham

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By Simon Hunt Verified
| MSN UK Verified
Lord Jim O'Neill has warned a hike to capital gains tax “looms out” as one of the easiest revenue-raising options for Andy Burnham and his chancellor, John Healey, as the pair draw up plans for their first Budget in October.
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Trio of firms poised to quit London Stock Exchange as exodus gathers pace

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By Simon Hunt Verified
| MSN UK Verified
The scale of the exodus from the London Stock Exchange has been laid bare on the first trading day back from the summer break after three listed companies simultaneously unveiled plans to exit the market. FTSE 250 members Bodycote and Gamma Communications, as well as energy firm Capricorn, each laid out fresh offers to be taken private with a combined takeover value of more than £3bn.
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