https://techcrunch.com/2023/04/26/revolut-neobanks-valuation-trouble/

While the banking world watches American lender First Republic publicly convulse after its earnings report detailed a widespread evaporation of its deposit base, the startup world of neobanks is taking blows as well.

Earlier this week, Revolut, a highly-valued, UK-based neobank saw its valuation decline by some 46% in the eyes of one of its backers.