Funding Circle boss bows out as fintech lifts profit forecast September 8, 2026 The boss of small business lender Funding Circle has laid out plans for her departure as the fintech lifted its profit forecast for the year ahead. Lisa Jacobs, who has led the firm since 2022, will step down as chief executive by “no later than September 2027,” the firm said on Tuesday. The fintech chief [...]
As it happened: FTSE 100 waivers; oil nears $100 on new Hormuz sanctions September 8, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index slipped on Tuesday morning, as investors weighed fresh tensions in the Middle East which boosted London’s oil majors but dragged on other members. Oil prices continued to march upwards. Brent crude – the international benchmark for oil prices – gained another 1.5 per [...]
UK at risk of £290bn finance industry ‘being governed overseas’ September 8, 2026 The UK is at risk of its booming financial services industry being governed overseas after lagging behind international rivals in digital asset innovation, a new report has warned. Banking industry body UK Finance has issued a rallying call to policymakers to move at pace in developing the infrastructure to power tokenisation, or see the country [...]
Spending hits 13-month high as Brits splurge on entertainment, Barclays says September 8, 2026 Spending in the UK economy reached a 13-month high in August after a rebound in the entertainment and travel industries, according to fresh data from Barclays. Overall card spending grew 2.1 per cent year-on-year, following on from two per cent growth in July. Both essential and non-essential spending were up 2.1 per cent, according to [...]
Banks ombudsman on the hook for millions in legal fees to Barclays and Santander September 7, 2026 The UK’s banks ombudsman could be forced to pay millions to a group of the UK’s top lenders after the High Court quashed four decisions the body made earlier this year on overdrafts and credit cards. The Financial Ombudsman Service (FOS) has been put on the hook for what could top £2m in legal fees after the court [...]
As it happened: FTSE 100 inche up as oil holds gains; Healey says UK paying ‘Truss penalty’ September 7, 2026 Welcome back to the City AM liveblog. Markets are returning from the weekend to weigh up the latest round of rising tensions in the Middle East after the US and Iran have continued to exchange strikes stoking fears of a hit to global oil supply. Brent crude – the international benchmark for oil prices – [...]
As it happened: FTSE 100 wavers as weak housebuilding drives faster construction downturn September 4, 2026 Welcome back to City AM‘s FTSE 100 liveblog. The UK’s blue chip index made a soft start on Friday morning, as investors brace for a US jobs report and digest the latest signs of a worsening downturn in the UK’s construction sector. Borrowing costs have eased slightly, after a global rout on government bonds threatened [...]
Jenrick refuses to rule out bank tax September 3, 2026 Reform UK’s Treasury spokesman refused to rule out a banking tax mooted by the party’s leader Nigel Farage, who said he would hit lenders because he didn’t “like” them. Speaking at a Reform conference event organised by City industry representatives, Jenrick said the party had not committed to banking taxes. However, the party’s economic chief [...]
Revolut takes step closer to US bank launch after clearing key regulatory hurdle September 3, 2026 Revolut has taken a step closer to launching a bank in the US after clearing a major regulatory hurdle. The Canary Wharf-based business has received conditional approval from the Office of the Comptroller of the Currency (OCC) for its American national bank charter. The UK’s biggest fintech is progressing its application with the Federal Reserve [...]
As it happened: Vodafone leads FTSE 100 rally after TV launch; oil jumps again September 3, 2026 Welcome back to the City AM liveblog. Telecoms giants Vodafone and Airtel Africa led a FTSE 100 rally on Thursday afternoon. Investors brushed off early losses caused by the steep sell-off in the the bond market. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing [...]