Bank of London: Peter Mandelson-backed fintech sees losses widen April 27, 2026 The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
FTSE 100 Live: Stocks dip as oil prices surge to three-week high April 27, 2026 Good morning and welcome back to the City AM liveblog. There’s set to be little relief in markets this morning as investors return from the weekend to oil hitting a three-week high. The price of Brent crude – the international benchmark for oil prices – rose two per cent to over $107 on Monday morning. [...]
The digital bank revolution is over – and that’s a good thing April 23, 2026 Until it was finally unveiled last month, there was more than a year of will-they-won’t-they speculation in the press over whether Britain’s biggest digital bank, Revolut, would be awarded a banking licence by the UK’s financial regulators. It was a long, drawn-out process – far longer than for most of Revolut’s peers – thanks in [...]
Top boss at UK’s largest property fintech ousted for non-financial misconduct April 23, 2026 A top executive at the UK’s largest property fintech has been ousted following allegations of non-financial misconduct, City AM has learnt. Hugo Davies, the former chief capital officer at Lendinvest, is understood to have been dismissed from the company after a whistleblower penned a letter to the chair of the company, along with the City [...]
Inside the fintech industry’s pensions gambit April 22, 2026 The fintech industry are on the offensive and in this week’s column Samuel Norman gives an insight into the sector’s lobbying calls for pension fund allocation. London has found itself brought to a halt this week. One may have thought the Tube strikes would bring Square Mile to a standstill, too. But the lack of [...]
Barclays and Lloyds picked for City watchdog’s AI live testing April 21, 2026 Barclays has joined the second cohort of firms selected by the UK’s financial watchdog to get a safe run at testing AI as banking giants battle to bulk up their tech capacity. The FTSE 100 constituent will join its peer Lloyds Banking Group – which will be represented by its subsidiary Scottish Widows – as [...]
City minister: Tax regime ‘sends a message’ to fintech IPO prospects April 21, 2026 The City minister has said the tax regime “matters” for how the UK can strengthen capital markets as part of its bid to lock down the next cohort of listing candidates. Lucy Rigby, economic secretary to the Treasury, said the government was looking to build on the “historical success of our capital market” as it [...]
Revolut’s blockbuster IPO is two years out, says Nik Storonsky April 20, 2026 The boss of Revolut has ruled out a public listing for the next two years in a move that extends the Treasury’s timeline to shore up one of Europe’s most-desired IPO prospects. Nik Storonsky, the straight-talking founder of Revolut, said a public debut was “two years away”. “We’re a bank, and for a bank, it’s [...]
UK fintech chiefs switch growth plans as capital conditions wane April 20, 2026 Over seven in ten UK fintech chiefs are switching growth plans due to the country’s ailing capital conditions. Some 71 per cent of the sector’s top bosses said they have had to adjust growth strategies as a result of tightening capital conditions, according to a fresh report from fintech advisory firm Chatsworth and market researcher [...]
Exclusive: Treasury and regulator to hold crunch talks with UK fintech unicorns April 16, 2026 Top fintech bosses will lock horns with Treasury and watchdog officials next week as the industry lobbies for key regulatory reforms, City AM can reveal. Several of the nation’s fastest-growing companies are set to meet City Minister Lucy Rigby on Tuesday as part of a flurry of key summits in UK fintech week. The City [...]