UK bank lending growth to fall to three-year low October 1, 2026 Growth in UK bank lending is forecast to stall in the coming years as borrowers feel the pinch of uncertain economic conditions. Lending growth is expected to slow this year to 2.9 per cent before dropping to a three-year low of 2.2 per cent in 2027, according to figures from EY. The figures mark a [...]
Revolut and Nubank want to make neobanking their world September 30, 2026 Nubank’s takeover talks with Monzo shocked the City. In this week’s column, Samuel Norman takes a look at how and why a deal might emerge and the battle that lies ahead with Revolut. Around a decade ago, a handful of colourful plastic cards found their way into Brits’ wallets. Monzo was one of the first, [...]
Revolut and Monzo urge Healey to raise bank tax threshold September 28, 2026 Revolut, Monzo and Shawbrook are among a raft of challenger banks calling for John Healey to raise the threshold at which UK lenders are hit with an additional tax grab. The group – which also includes Investec, Aldemore and OSB – have written to the Chancellor ahead of the Budget in a bid to remove [...]
Chrysalis sells off Klarna stake for £34m after stock plunge September 28, 2026 Chrysalis Investments has sold off its remaining stake in buy now, pay later firm Klarna following a bruising plunge in the fintech’s value over the last year. The British investment trust said on Monday it had offloaded its remaining holdings in the Swedish company for £34m, which followed on from a £6m sale in July. [...]
As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ September 28, 2026 Welcome back to the City AM FTSE 100 liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. The main event of the day will be Chancellor John Healey’s speech at Labour conference in Liverpool. Here’s a look at some [...]
Family of suspected ‘Putney pusher’ hit out at Met Police ‘pressure’ September 17, 2026 The family of the multi-millionaire banker accused of being the ‘Putney pusher’ have hit out at the Metropolitan Police over his death, insisting on his innocence. Nicholas Brandram, who worked as a director at a private bank and was a former British Army officer, serving in several major conflicts, was discovered dead in his West [...]
Aldermore’s sale interest shows banks are over motor finance September 17, 2026 Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the runners and riders and what it could do for the market. Has the banking industry finally moved on from motor finance? The number of suiters circling Aldermore suggest as [...]
Revolut facing extortion threat after hackers steal customers’ data September 14, 2026 A group of Revolut hackers are threatening to release stolen customer data unless they receive payment from the fintech, after the company inadvertently handed over a trove of users’ private information. The digital banking giant said over the weekend a “very limited” number of customers had been affected by an impersonation scam, which compromised data including [...]
OpenAI alum moves into ChatGPT maker’s old office in push to serve UK’s fintechs September 11, 2026 A tech firm founded by OpenAI alumni has set up shop in the ChatGPT maker’s old office as it sets its sights on serving the UK’s top fintechs, City AM can reveal. Dust, an AI platform founded by former OpenAI and Stripe engineers Stanislas Polu and Gabriel Hubert, has taken a lease at the Fora [...]
Barclays faces legal scrutiny over role in £90m ‘Ponzi scheme within a Ponzi scheme’ September 10, 2026 Barclays could be on the hook for as much as £37m over its role in a collapsed ‘Ponzi scheme’ after failing to dismiss claims brought by the company’s liquidators. The FTSE 100 finance giant provided banking services to a company called Denaro from 2013 until its demise a decade later, at which point it faced [...]