Kroo kicks off £70m fundraise as it targets profitability September 11, 2023 Digital bank Kroo is looking to raise a fresh round of cash from investors as it targets a swing to profit in the coming months, the firm announced today.
Societe Generale and Brookfield team up to create €10bn fund as private debt boom continues September 11, 2023 The fund, which hopes to reach its €10bn target over the next four years, will launch with €2.5bn of seed funding at inception.
Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn September 11, 2023 Richard Davies, chief executive of SME-focused challenger bank Allica, told City A.M. that the changes would be a "dramatic backward step".
New Natwest chair faces questions over work done for firm involved in 1MBD scandal September 10, 2023 Natwest's new chair Rick Haythonthwaite has attracted attention over his work for Geneva-based oil firm Petrosaudi.
Zopa raises £75m debt as fintech bank eyes public markets debut September 8, 2023 Fintech lender Zopa Bank has raised a fresh £75m round of debt financing today to boost its coffers ahead of a much-anticipated float on the public markets. The London-based bank, which has been open about its ambitions for an IPO in recent months, said today it had raised £75m of tier-two capital through a ten-year [...]
Industry bodies back London as European clearing hub as concerns raised with EU’s regulations September 7, 2023 Leading users of derivatives markets in the European Union called on the bloc on Thursday to scrap a plan that would force them to shift euro derivatives clearing from London to the EU.
More fintechs secure UK banking licences as Revolut struggles to get approval September 7, 2023 Two new challengers succeeded in securing banking licences from regulators today, raising more question marks for Revolut as it struggles to get approval from the City watchdogs.
City Giving Day: Central London Alliance’s Guinness World Record Title Attempt September 7, 2023 In a city that’s known for its fast-paced business world, iconic landmarks, and vibrant culture, a remarkable event is set to take place that will not only make history but also underline the spirit of community and philanthropy that thrives within the heart of London. On the 25th and 26th of September, the Central London [...]
‘How hard can it be?’ Metro Bank founder Anthony Thomson on the retail banking revolution September 7, 2023 Metro Bank and Atom founder Anthony Thomson talks to City A.M. about the retail banking revolution and why he won’t be stopping anytime soon.
SVB collapse and rising rates help fintech Clearbank double deposits in six months September 6, 2023 Clearbank has doubled its deposit base in six months as it benefited from rising interest rates and attracted new clients in the wake of Silicon Valley Bank's (SVB) collapse.