Clearbank, Allica, Atom: The fast-growing future of UK fintech April 19, 2025 Fintech has planted its flag firmly in the Square Mile. Industry giants Monzo and Starling have become household names, helping London to established itself as a leading global fintech hub. KPMG’s bi-annual fintech report showed UK fintech investment was at £7.9bn last year. And now young firms are growing faster than ever, promising to send a [...]
The ringers keeping the bells swinging in the Square Mile March 18, 2025 As bell ringing faces an uncertain future, Carys Sharkey goes to meet the people keeping the tradition alive in the City One late Thursday afternoon I made my way down from Cheapside, passing the thronging pubs spilling out onto Watling Street amid the chatter and clatter of post-work drinks. I turned onto Garlick Hill to the [...]
FCA chief: City firms should get ready for a ‘different relationship’ with us January 28, 2025 City firms should expect a “different relationship” with the Financial Conduct Authority (FCA) and fewer “detailed rules”, as the watchdog rows in behind the government’s drive for growth, its chief executive Nikhil Rathi has said. In an interview with the Following the Rules podcast, the FCA boss warned the regulator was being forced to “rigorously” prioritise its [...]
City grandees call in small firm specialists to ease London AIM exodus January 27, 2025 The group of City grandees lobbying for reform of the UK’s capital markets has bolstered its team with two small-company-focused executives today, signalling a push from the body to address the crisis gripping the UK’s junior stock market AIM. The Capital Markets Industry Taskforce (CMIT), led by London Stock Exchange boss Julia Hoggett, said that [...]
PRA under pressure to cut red tape as growth plans fail to excite the City January 22, 2025 The banking regulator is under pressure to go further and faster in its efforts to cut red tape from the City after it outlined plans to boost the growth of firms within its remit last week. In a letter to the Prime Minister and Chancellor, the PRA, which sits within the Bank of England and [...]
How City of London investors are bracing for Donald Trump 2.0 January 20, 2025 City investors are bracing for four more years of unpredictability on the global markets as Donald Trump returns to the White House as president. After banging the drum for punitive trade tariffs and US protectionism in recent months, Trump’s second term is expected to inflict more turmoil on global markets than outgoing president Joe Biden. [...]
FCA chair: Our growth push will test UK’s risk appetite January 20, 2025 The Financial Conduct Authority’s (FCA) push to slash red tape and unleash growth in the City will test the UK’s appetite for risk, its chair has warned, accepting that two of its new proposals could open the door to more fraud and mortgage defaults. Writing in City AM today, Ashley Alder said the FCA will [...]
Private equity firms under pressure to kickstart UK dealmaking January 14, 2025 Private equity fund managers are coming under mounting pressure from their investors to begin striking deals after a sluggish two years hampered by political turmoil and lofty interest rates, advisers have said. While deal value ticked up through 2024, backers of top private equity funds are taking a “sterner” tone with fund managers after a [...]
Financial M&A surges as banks and insurers hunt for scale January 8, 2025 A wave of banking and insurance tie-ups pushed the volume of UK financial services dealmaking to its highest level in more than a decade last year, new figures show. After a slowdown in 2023, mergers and acquisitions (M&A) activity in the UK’s financial services industry rebounded last year with a 26 per cent year-on-year increase [...]
Go further to revive the City of London, voters tell Starmer and Reeves January 8, 2025 Keir Starmer’s government must do more to support the City of London after a bruising year in which fresh IPOs have fallen off a cliff and scores of firms have been picked off by private buyers, a survey of voters has suggested. According to the first of a new monthly City AM/Freshwater Strategy poll, more [...]