Funding Circle offloads US business for £33m in bid to stem losses June 25, 2024 Small business lender Funding Circle has struck a deal to sell its US arm to Florida-based iBusiness Funding for £33m as it looks to stem losses and boost its struggling share price.
On the whole, the economy is on the up – but only just June 25, 2024 The UK reported surprisingly strong growth in the first quarter of this year, outpacing every other G7 economy. However, recent figures have been less positive.
ABN Amro charm offensive drove London Tunnels to ditch the City June 24, 2024 City tourism company London Tunnels decided to snub the capital for its listing after a lack of interest from UK investment banks and a charm offensive from Dutch adviser ABN Amro.
Nine in 10 financial firms expect to perform well over next year despite economic challenges June 24, 2024 Almost nine in 10 financial services firms are confident they will perform well over the coming year, data shared exclusively with City A.M. suggests, although economic pressures remain a leading concern ahead of the general election on 4 July.
Klarna to exit checkout business after finding conflict of interest with rivals Adyen and Stripe June 24, 2024 Buy-now pay-later giant Klarna is set to exit its checkout business after finding that the division created a conflict of interest with fintech peers like Adyen and Stripe.
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
Sainsbury’s to pay Natwest £125m to take bank division off its hands June 20, 2024 Natwest has agreed to acquire Sainsbury's core retail banking arm - with the supermarket giant paying the lender £125m to take it off its hands.
Mark Kleinman: Melrose 2.0 may shine more than Shein June 20, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Labour and Conservatives promise new banking rules won’t dent small business lending June 19, 2024 Labour's comments more or less matched a Conservative commitment, contained in the manifesto, to "ensure that Basel III capital requirements do not inhibit lending to SMEs".
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff June 19, 2024 Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.