London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Peel Hunt expects second straight annual loss amid tough dealmaking market but sees green shoots April 3, 2024 Peel Hunt expects to report a second straight annual loss for its last financial year as the investment bank grapples with a reduced appetite for dealmaking and IPOs.
Nationwide branch ads starring Dominic West banned by watchdog as misleading April 3, 2024 Adverts for Nationwide starring actor Dominic West have been banned by the advertising regulator for misleading consumers that the lender would not close branches like its rivals.
World’s richest people revealed as top 20 add $700bn to their wealth April 2, 2024 The world's 20 richest people have added around $700bn to their combined wealth over the last year, according to Forbes latest rich list.
Bank of England examining claim Metro Bank put customers’ money at risk with ‘pirated software’ April 2, 2024 The Bank of England is examining a claim that Metro Bank “pirated” a US company's software and put customers’ data at risk, City A.M. has learnt.
Brits lose more than £2.6bn to investment scams since 2020, pension body warns April 2, 2024 Britons have lost more than £2.6bn to investment fraud since the start of 2020, according to new research, as experts warn of the rise of scams originating on social media.
UBS to launch new share buyback as Credit Suisse deal continues to pay off April 2, 2024 Swiss banking giant UBS has promised to launch a new share buyback programme of up to $2bn, after suspending its previous plan last year following its acquisition of former rival Credit Suisse.
HSBC plots special dividend after completing sale of Canadian business April 2, 2024 HSBC said the deal will unlock "significant value" for the bank. Completion of the transaction will result in an estimated gain on sale of $4.9bn in HSBC's first quarter results.
Week ahead: Investors look for rate cut clues on both sides of the Atlantic April 1, 2024 Markets will be closely watching key economic releases in the US and Europe this week, which will offer clues on the likelihood of near-term interest rate cuts.
Amex freezes pension payouts for thousands of Brits for tenth year April 1, 2024 American Express has sparked criticism for freezing pension payments for thousands of former British employees for the tenth year in a row.
Government quietly pauses Natwest retail bidding process March 31, 2024 The Treasury has suspended a bidding process to run the sale of its stake in Natwest, in a move which throws doubt on the structure of the much touted ‘Tell Sid’-style retail deal, City A.M. can reveal.