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The Latest Breaking News from Monzo

City watchdog to contact MPs and other PEPs to ask if they have been debanked

Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders

The Guardian - UK

UK banks to be given two weeks to explain closing of customer accounts

Regulator to write to more than 20 of largest lenders after Nigel Farage’s accounts were threatened with closure

The Guardian - UK

I’m secretly a Coutts customer but for people like me there’s little point

You need be rich to take advantage of the actually useful stuff – I hide my card and just use my Monzo

The Guardian - UK

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Gina Miller told her party political bank account will be closed

Concerns over ‘debanking’ have risen after Nigel Farage controversy

Evening Standard

Anti-Brexit campaigner calls for investigation into banks after Monzo account closed

The leader of the upstart True & Fair political party said challenger bank Monzo is closing its account with the group after two years

The Independent UK

What is a 'politically exposed person' and why do the likes of Jeremy Hunt and Nigel Farage claim the status prevents them getting bank accounts?

Reports vary as to why the private bank Coutts decided to close the account of former UKIP leader Nigel Farage. He claims he was excluded for his political views, the bank says the problem was a lack of funds. But either way, his case does highlight a wider and longstanding…

The Conversation

London fintech Monzo preparing merger deal with Nordic rival Lunar

The mobile bank is also considering other acquisitions in Europe

Evening Standard

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Jeremy Hunt reveals he was refused Monzo bank account

Chancellor says barriers to careers in public life must be removed after being refused account ‘as a politically exposed person’

The Guardian - UK

Monzo tips to a profit as more customers turn to credit

The bank, which says it has more than a 10th of the population as customers, managed to tip to a profit in March.

The Independent UK

The serial start-up man whose final stop will be delivery vans

Simple logistics: “We offered a service that was so much better than what firms had been using before that,” says Tristan Thomas. “We delivered on the day we said we were going to, at the time we said, without damaging parcels”

Evening Standard

Middle-class couple jailed for selling cocaine as judge warns they're 'not special'

A judge decided Jordan Heeley and Alexandra Ditcham should face jail time despite the efforts of the defence barristers.

Daily Record

The middle-class couple who sold cocaine to their friends at social gatherings and made £13,000 - as they are told by judge "you are not special people"

Jordan Heeley and Alexandra Ditcham were on course to make £60,000 a year from the drugs operation

Manchester Evening News

Martin Lewis' MSE reveals best app-based bank accounts - including Starling and Monzo and Chase

Digital banking is growing in popularity as more and more people opt for apps - such as Starling, Chase and Monzo - that they can use for all, or most, of their financing in one place

Wales Online

Woman who bought first home at 22 shares tips on how to save for a deposit in 18 months

Lauren Simpson and her fiancée Elizabeth Norman, from York, have shared their top tips on how first-time buyers can save up enough money for a deposit for a property of their own

Daily Mirror

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Wales Online

'I bought my first home at 22 - it took me 18 months to save for a deposit'

Lauren Simpson has offered some advice on how to get on the property ladder

Bristol Post

Climate change: List of UK banks that don't invest in fossil fuels

Switching banks is a simple and quick thing everyone can do to tackle the climate crisis

Evening Standard

Paul Rippon net worth | Evening Standard Tech Rich List

Paul Rippon is best known for being one of the founding members of Monzo, one of the biggest fintechs in the UK which was valued at nearly £4 billion at its most recent funding round.

Evening Standard

OPINION - Tech & Science Daily podcast: Big tech gender pay gap increases in UK

Analysis by the Evening Standard has found that the gender pay gap at UK arms of tech giants including; Facebook, Google, Apple and Monzo, has gotten worse.

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news in one place.

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Evening Standard

Women bear brunt of cutbacks as pay gap worsens at UK tech giants

A large swathe of the sector’s biggest names have recorded an increase in their median hourly pay gap

Wales Online

Woman set to make £1,000 this year from people getting her name wrong

Julia says the problem has plagued her since childhood

Daily Mirror

Fed-up woman who puts £1 in jar when people call her wrong name set to make £1,000

A woman who is repeatedly called the wrong name has come up with a genius solution to ease the pain of the frequent mistakes - and it could help her savings to flourish

Wales Online

Surge in current account customers switching banks

Record number used seven-day switching service as rivals offer strong incentives to move accounts

The Independent UK

Surge in current account customers ditching and switching their bank

The number of current account customers using the seven-day switching service in the final quarter of 2022 was the highest since it launched in 2013.

Daily Mirror

Three in five Brits worry they won't have enough money to make it through the year

Almost a fifth don't expect to be able to set any money aside in savings this year due to the continuing cost-of-living crisis as they aim to tighten their weekly spending budget by over a third

Daily Mirror

Edin Dzeko spotted laughing at Romelu Lukaku's nightmare moment during Inter Milan match

Romelu Lukaku had Edin Dzeko in stitches during Inter Milan's 2-2 draw with Monza, as the on-loan Chelsea striker took a poor first touch - only for their opponents to equalise as a result

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