Coutts raised its minimum to £3 million. Revolut just set its at £500,000. The mass-affluent gap is the point.

Revolut is planning to launch a private banking unit in the United Kingdom and parts of Europe as soon as this summer, according to a person with knowledge of the matter. The eligibility threshold is 500,000 pounds, roughly 675,000 dollars. Coutts, the private bank owned by NatWest that has served the British establishment since […]

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