The decline of Harvey Nichols is a tale of London’s decline too August 21, 2026 The decline and fall of Harvey Nichols is not just another business story. It is a warning about the crisis engulfing London’s high streets.
UK’s largest wealth firms tighten their hold on the market August 18, 2026 The ten largest wealth firms in the UK have expanded their grip on the market, serving nearly the entirety of the country’s client base. The firms served up to 89 per cent of the discretionary client base in the previous tax year, according to the latest wealth management survey from the Financial Conduct Authority (FCA). [...]
ISG Event to Spotlight Strategies for the AI-Driven Autonomous Enterprise August 18, 2026 Leaders from Lloyds Banking Group, NatWest, Ogilvy, AstraZeneca, Diageo, Reckitt, Carlsberg, Shell and more to join ISG AI Impact Summit London
JP Morgan boss issues bank tax warning to John Healey August 17, 2026 The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial [...]
Exclusive: City giants tighten trans policies August 14, 2026 City firms are being forced to tighten up inclusion policies and prevent transgender staff from using single-sex bathrooms, after the equalities watchdog published fresh directions on enforcing the seismic Supreme Court ruling on gender last year. Square Mile giants including Admiral, Coventry Building Society and Santander have all updated their HR procedures to bar trans [...]
Stamp duty on shares is ‘biggest handbrake’ says UK bank chief August 13, 2026 The boss of a London-listed bank and former Labour party donor has called for stamp duty on shares to be ditched in the Autumn Budget to boost trading from retail investors. Ian Corfield, the boss of Secure Trust Bank, told City AM one of the firm’s “biggest challenges is trying to generate liquidity into the [...]
Banning vape shops won’t fix scuzzy high streets August 13, 2026 Andy Burnham’s plans to revamp high streets by cutting down on vape shops aren’t ambitious enough, says Joseph Dinnage Andy Burnham is taking his hand to cleaning up Britain’s high streets. Commenting on the degradation of our urban centres, Burnham said that many areas have been “hollowed out”, and that the high streets we grew [...]
Revealed: Natwest banked company used by MFS founder to ‘siphon off’ funds August 12, 2026 Natwest provided banking services to a company allegedly used by the founder of collapsed property lender MFS to divert investors’ cash and “siphon off” funds, City AM can reveal. The bank held the day-to-day account for Twinwin, a company that was allegedly used by Market Financial Solutions founder Paresh Raja to generate fees from clients’ [...]
The European fintech American dream is being called into question August 12, 2026 A double US banking application blow has called into question the fintech dream of landing on Wall Street. In this week’s column, Samuel Norman takes a look at the expansion roadmap for Europe’s top fintechs as well as the latest response to the booming profits in UK banks half-year reports. Denied, denied, withdrawn. That is [...]
Cavendish taps top adviser to fend off foreign takeover interest August 10, 2026 Cavendish has drafted in advisers from a top corporate consultancy to help it fend off low-ball takeover bids amid a wave of consolidation in Britain’s financial services sector. Top brass at the boutique investment bank enlisted the help of specialists at Teneo last year, City AM can reveal, who conducted a valuation exercise to “support [...]