Deutsche Bank Quietly Plans To Offer Crypto Cus...

Revolut is a British-Lithuanian neobank and financial technology company that offers banking services. Revolut Bank UAB is licensed and regulated by the Bank of Lithuania within the European Union. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing "vaults", stock trading, crypto, commodities, and other services.

Deutsche Bank Quietly Plans to Offer Crypto Cus...

Revolut offers banking services including GBP and EUR bank accounts, debit cards, currency exchange, stock trading, cryptocurrency exchange and peer-to-peer payments.[37] Revolut's mobile app supports spending and ATM withdrawals in 120 currencies and transfers in 29 currencies directly from the app. Payments at weekends incur an extra fee of 0.5% to 2%, protecting Revolut against exchange rate fluctuations.[38]

Treasuries surged in price and yields plummeted in London hours on Friday as Deutsche Bank fell victim to the latest contagion of the banking sector woes, with the 2-year yield getting to as low as 3.55% and the 10-year to 3.28%. Treasuries pared much of the London hour gains as yield spent the New York session creeping higher as bank stocks reversed and rose. Treasury Secretary Yellen called an unscheduled Financial Stability Oversight Council meeting which Fed Chair Powell attended. The short statement issued after the market close offered reassurance of the roundness of the U.S. banking system without additional information or plans of action.

Treasury yields dipped sharply on Friday, with the 2-year hitting a multi-month low of 3.55% and the 10-year hitting 3.28%, but sentiment across markets stabilized and yields rebounded, with 2-year volatility far higher as that benchmark pulled higher still to 3.85% into early European hours. Treasury Secretary Yellen called an unscheduled Financial Stability Oversight Council meeting on Friday which Fed Chair Powell attended. The short statement issued after the market close offered reassurance of the roundness of the U.S. banking system without additional information or plans of action. 041b061a72