Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step in the budding hypersonic arms race between China and Russia.Politicsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
* Bank has signed up 2 million customers since 2015
* Customers lured by promise of slicker service
* Monzo faces challenge of complex U.S. regulations (Adds comment, details)
LONDON, June 13 (Reuters) - Fast-growing British digital bank Monzo is set to announce on Thursday its imminent launch in the United States, a source familiar with the matter told Reuters.
The bank did not immediately respond to a request for comment.
Since its launch in 2015, Monzo has signed up more than 2 million customers in Britain, lured by its signature coral pink debit card and promise of slicker customer service than traditional banks.
Monzo is one of a range of so-called neobanks that have launched in Britain in recent years, joining a worldwide trend for digital-only banks that eschew traditional branch networks.
The new bank has seen rapid success in winning customers from the six large incumbent banks such as Lloyds and RBS that dominate the market, although many customers have yet to switch their monthly pay checks to Monzo.
The prize if Monzo succeeds in the United States' $7 trillion financial services sector is potentially huge, but banking experts say it will face a tough task.
"For UK fintechs looking to fly the nest, one major contrast will be the complexity of federal- and state-level laws, compared to the UKs fintech-friendly regulatory environment," said Richard Lumb, group chief executive for financial services at consulting firm Accenture. (Reporting by Lawrence White and Iain Withers; editing by Sinead Cruise and Mark Potter)