Banks woo the wealthy to ace stable income streams June 17, 2026 As the great and the good prepare to gather at Wimbledon, banks are serving up glamorous treatment to woo the wealthy. In this week’s column Samuel Norman looks at the players looking to call game, set, match. If you want the Centre Court treatment from your bank, you’re going to need to arrive with a [...]
Revolut price tag ‘just a stepping stone’ to a trillion, says Fuse boss June 12, 2026 Revolut will become a trillion dollar company, one of its most high profile alumni has claimed, with any valuation on the road to that a mere “stepping stone”. The London-born fintech giant – which currently boasts a valuation of $75bn – is tipped to launch another secondary share sale in the second half of this [...]
Barclays pays £180m for loss-making UK fintech Gohenry June 12, 2026 Barclays has snapped up the UK arm of money management app Gohenry in a bid to “turbocharge” its ambitions for youth banking and the mass affluent market. The blue-chip lender revealed on Friday it had bought the fintech firm from its parent company, Acorns, for an undisclosed sum in a deal that is expected to [...]
As it happened: Starmer dealt defence blow as investors react June 11, 2026 This was the City AM liveblog on Thursday 11 June. John Healey resigned as defence secretary over a lack of funding for the armed forces, heaping pressure on Sir Keir Starmer. Industry officials reacted with regret and paid tribute to Healey. The FTSE 100 also climbed on Thursday to defy fresh tensions between Iran and [...]
Revolut faced orders to fix ‘deficiencies’ in product launches in Europe June 10, 2026 Revolut faced a regulatory slap-down from the European Central Bank last year as restrictions were placed on its operations in the continent. Europe’s most valuable fintech company had its permission to release new products across the 27 countries covered in the European Economic Area temporarily suspended last summer. The bank was instructed to rectify “deficiencies” [...]
From mild to wild: What impact will AI have on banking jobs? June 10, 2026 Top banking bosses have issued their AI verdict after Standard Chartered stunned the sector with plans for sweeping job cuts last month. In this week’s column Samuel Norman looks at whether a reckoning could be on the horizon. The big-name banker must have known how the conversation would go when he arrived for lunch with [...]
Lloyds taps $160bn fintech giant to boost small business tech June 9, 2026 Lloyds Bank has sealed a partnership with a $160bn (£119bn) fintech giant to ramp up its payments tech for small-business clients. The blue-chip banking giant has agreed a tie-up with Stripe that will see Lloyds leverage the fintech’s payment infrastructure to provide a suite of tools for its small-business customers. The new offering, named Lloyds Accept, [...]
Pockit taps shareholders for £13.4m after losses quadruple June 8, 2026 Pockit has raised £13.4m from shareholders as it seeks to plug growing losses following its acquisition of London fintech Monese. The firm, which offers pre-paid cards to customers without the need for a credit check, said it completed the raise in May 2026 from venture capital investor Concentric as well as Shore Capital-owned investment firm [...]
Natwest to pump £50m into branches after shuttering over a thousand June 5, 2026 Natwest is planning to beef up its branch network after being one of the leading banks to take the axe to its physical presence over the last decade. The blue-chip banking giant will pump £50m into its network over the next 18 months and has pledged not to close any branches until at least 2029. [...]
As it happened: US jobs smash forecasts; Stocks in green amid cloudy US-Iran peace talks June 5, 2026 Welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft of a memorandum of understanding between Iran and the US has ambiguities that have to be clarified, an adviser [...]