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BOE governor Bailey intervened in Revolut meeting with minister Reeves (update*)

By Phoebe Seers ( July 29, 2025, 09:42 GMT | Insight) -- The governor of the Bank of England prevented a meeting between Revolut and finance minister Rachel Reeves, which was intended to discuss the fintech’s ambitions to secure a full UK banking license. After Andrew Bailey intervened, the meeting was cancelled over concerns about political interference in banking regulation. His move to stop the meeting, first reported by the Financial Times, has been independently confirmed by MLex.Andrew Bailey, the governor of the Bank of England, prevented a meeting between fintech company Revolut and finance minister Rachel Reeves, which was intended to discuss Revolut’s ambitions to secure a full UK banking license. After he intervened, the meeting was cancelled over concerns about political interference in banking regulation. Bailey’s intervention, first reported by the Financial Times, has been independently confirmed by MLex....

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