Exclusive: City bosses eye up strong first quarter but warn of threats to UK competitiveness January 3, 2024 Financial services bosses are optimistic about their first-quarter results but say economic and regulatory pressures threaten Britain's competitiveness, according to a survey of 160 senior executives shared with City A.M., as London struggles with a dealmaking slump.
HSBC to challenge Revolut and Wise with new forex app January 2, 2024 HSBC launches international payments app to rival fintechs Revolut and Wise, to grab a slice of the booming market for affluent customers.
JP Morgan’s Chase UK aims for 2025 profit amid digital banking growth January 2, 2024 Digital challenger bank Chase UK, owned by US giant JP Morgan, aims to become profitable from next year as it seeks to be a “major player” in Britain, according to a top executive at the lender.
HSBC completes exit from French retail market as boss hails ‘positive start’ to 2024 January 2, 2024 "This represents an important milestone in our strategic vision for Europe," HSBC's chief executive Noel Quinn said.
‘Systemic shocks should be anticipated’: how will the financial system fare in 2024? January 2, 2024 Although interest rates are unlikely to go any higher, risks remain as borrowers will continue to roll off contracts agreed when interest rates were near zero.
UK banks’ costs in focus in 2024 as interest rates go from boon to burden January 1, 2024 UK banks' cost control will be a key focus in 2024 as the tailwind from high interest rates gives way to mounting margin pressure, analysts have told City A.M.
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
The four fintech unicorns the UK created in 2024 December 27, 2023 At £14.58bn, total funding remains higher than in both 2019 and 2020, but far below levels seen over the last two years. Funding for UK tech hit a high of £32.48bn in 2021.
In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.