Standard Chartered accused of helping Iran-linked terrorist funders June 4, 2024 Standard Chartered is alleged to have facilitated billions of dollars worth of transactions for Iran-linked entities, including funders of terrorist groups, according to fresh US court filings.
Panmure Liberum to cut dozens of jobs after landmark City merger June 3, 2024 Newly-formed investment bank Panmure Liberum is planning to cut more than two dozen jobs after a merger between two of the City's leading brokers earlier this year.
Monzo boss aims to grow bank ‘several times’ bigger ahead of expected listing June 3, 2024 The chief executive of Monzo has said it is still "too early" to talk about the digital bank's IPO ambitions as he focuses on growing the business "several times" bigger and expanding overseas.
Progress Pioneers Summit: Is the financial services industry really building a bridge for underrepresented groups? June 3, 2024 City A.M. head of social media Emmanuel Nwosu attends the Progress Pioneers Summit to find out if the financial services industry is really building a bridge for underrepresented groups to be part of what some might call a gated community.
Monzo posts first annual profit as digital bank targets European expansion June 3, 2024 Monzo has reported its first annual profit since it launched in 2015, with the digital challenger bank enjoying record growth and unveiling plans to expand into Europe.
WH Ireland to sell capital markets arm to investment bank Zeus June 3, 2024 Financial adviser WH Ireland has struck a deal to sell its capital markets division to London-based investment bank Zeus Capital for up to £5m amid increasing consolidation among British stockbrokers.
Iwoca mulls bigger loans and international expansion amid surge in demand June 3, 2024 Online credit provider Iwoca is looking at raising the size of its loans and expanding into a new country on the back of a surge in demand for small business funding from alternative lenders.
Government champion needed to tackle over-regulation, City lobby group says June 3, 2024 A City lobby group has called on the next government to tackle regulation that drags on international competitiveness of the financial sector.
Santander data breach: 30m account and credit card details up for sale on dark web May 31, 2024 More details have emerged about the Santander data breach reported in early May.
UBS and Credit Suisse complete merger May 31, 2024 The merger of UBS and Credit Suisse is now formally complete.