Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims

Key Points

A day after Meta announced a partnership with U.K. banks NatWest and Metro Bank on a data-sharing framework to help them prevent customers from falling prey to fraud schemes, Revolut said that the tech company was not doing enough.
The fintech firm said that Meta and other social media platforms should do their part to financially compensate those who fall victim to fraud on their sites.
Starting from Oct. 7, new payment industry reforms will come into force that require banks and payment firms to issue victims of so-called authorized push payment fraud a compensation of maximum £85,000.

Source

Finance

China is set to kick off its big policy meeting. What will be the key announcements?

March 4, 2026

Key Points Beijing is expected to set GDP growth target at around 4.5% to 5% this year, inflation target unchanged at 2%, budget deficit of 4%. The world’s second-largest economy faces persistent challenges at home amid a consumption downturn and prolonged real estate slump. Source

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Wall Street playbook says buy when war breaks out. How this time could be different

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Stocks making the biggest moves midday: MongoDB, Pinterest, NRG Energy, Kontoor Brands & more

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