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Banking

  • Hiring this February? You’ll be more successful if you understand the priorities of today’s talent

    February 8, 2024

    Chances are, some of the most talented people in your organisation are looking for a new job right now. You might even be looking for one yourself. After all, February is renowned for being a busy month for recruiting staff as managers take advantage of new hiring budgets granted at the start of the year. [...]

  • FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms

    February 8, 2024

    The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.

  • ‘Why does it take so long?’: MPs clash with banking regulator on speed of City reform

    February 8, 2024

    A top group of MPs clashed with the banking watchdog today over the speed it is pushing through the government’s landmark package of financial reforms.

  • Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’

    February 7, 2024

    Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.

  • ‘About a third’ of Facebook Marketplace listings could be scams, MPs told

    February 7, 2024

    A director at TSB Bank has warned a group of top MPs that Facebook Marketplace and cryptocurrency investment are major breeding grounds for scams amid calls for Big Tech to take more responsibility for a wave of fraud on social media.

  • Standard Chartered reportedly taps ex-Chancellor Javid and Treasury veteran Roxburgh to be next chair

    February 7, 2024

    Standard Chartered has reportedly tapped former Chancellor Sajid Javid and Treasury veteran Charles Roxburgh to succeed José Viñals as its chair.

  • Treasury could launch Natwest retail sell-off as soon as June, UKGI confirms

    February 6, 2024

    The Treasury could begin selling its shares in Natwest as soon as June, the body for government investments has confirmed.

  • Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs

    February 6, 2024

    Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year.

  • UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss

    February 6, 2024

    UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival Credit Suisse.

  • Investors’ greenwashing fears must lead to greater City scrutiny

    February 6, 2024

    About three years ago we hit on a seemingly foolproof strategy: we agreed to ask about the City’s three favourite letters: ESG. 

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