Published: January 26, 2026 at 9:29 am
Revolut has ditched its plan to acquire a US bank, according to the Financial Times, and will instead seek to secure a standalone licence to operate in the country.
The UK neobank had been seeking a target with a licence to operate across all 50 states.
However sources told the FT that if it bought a community bank, it might have to commit to keeping open high street branches, while any takeover would also require engagement with US regulators.
Meanwhile the Trump administration has promoted deregulation – and so Revolut is now said to be banking on securing its own licence quickly.