Crystal Palace agree deal with HSBC that paves way for new training ground Sport Business Crystal Palace FC have agreed to buy the 27-acre HSBC Sports Ground in Beckenham, South London, in a move that will allow the club to significantly expand their training facilities. The HSBC grounds, which currently comprise cricket and football pitches as well as a pavilion, border Palace’s academy complex, which is itself across the road [...]
HSBC shares slump as finance chief set to exit Banking HSBC is on the hunt for a new chief financial officer after the bank revealed its finance head Pam Kaur would retire after two years in the job. Kaur, who has been with the company for 13 years, is set to leave her role at some point in 2027 and will not stand for re-election, [...]
MEX Exchange, Part of MultiBank Group, Announces Senior Leadership Appointments Business Wire David Ogg appointed Vice Chairman and Brian Andreyko named CEO
As it happened: FTSE 100 jumps as oil falls back; Warsh says ‘work to do’ on inflation August 28, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index extended gains on Friday after some pressures in the oil market eased off. Oil prices reared back up on Thursday night, reversing days of losses earlier in the week. The price of Brent crude – the international benchmark for oil – jumped [...]
Lloyds Bank and Halifax users unable to use app in latest outage August 26, 2026 Lloyds Banking Group has been hit with another app outage that has left thousands of customers unable to use services. The financial giant – which has Lloyds, Halifax and Scottish Widows under its umbrella – said it was “working to get things back to normal as quickly as we can” as users took to social [...]
Lloyds and Natwest flaunt social credentials as fears grow of Burnham tax grab August 26, 2026 Lloyds and Natwest are flaunting their community credentials and pledging a raft of new social investment initiatives as fears grow that Prime Minister Andy Burnham will launch a punishing tax raid on the sector with the government’s first Budget. The two lenders are among a group of top UK banks looking to prove they can [...]
London pensions firm eyes more deals after HSBC and Lloyds takeovers August 25, 2026 Pension consolidator Chesnara has said it is eyeing more deals after it swung back into profit following its takeover of HSBC Life UK. The London-listed firm recorded a £61m pre-tax profit in the first half of 2026, bouncing back from a £5m loss in the same period last year. Revenue soared to £255.9m, up from [...]
As it happened: FTSE 100 jumps in best streak since May; Vistry, Melrose lead risers August 25, 2026 Welcome back to the City AM FTSE 100 liveblog. The blue-chip index jumped on Tuesday to extend its best winning streak since May. Melrose Industries led the FTSE 100 after the completion of a probe into a chemical incident in California, while Vistry gained 18 per cent on the FTSE 250 after winning cash in [...]
Monzo faces outage as thousands of users unable to make payments or transfers August 19, 2026 UK fintech Monzo has suffered an outage that has left thousands of its users unable to use its banking services. The digital bank said it had “identified some issues” and initiated a stand-in backup service, which would allow users to still complete card payments and receive transfers. But some users have continued to raise concerns [...]
Tracker funds are turning 50 – will they make it to 100? August 19, 2026 Vanguard launched its first ever tracker fund 50 years ago this month. Since then, they have had an enormous impact on the way our capital markets function – and now make up more than half all fund-held assets. Ali Lyon asks: will they be as popular when they turn 100? The 1976 launch of the [...]