Exclusive: Nikhil Rathi’s FCA is ready to go on the offensive June 10, 2025 Nikhil Rathi’s first five-year term at the helm of the FCA was dominated by difficult situations – most beyond his control, some firmly in it. But after being reappointed by Rachel Reeves in April, and with the added pressure of a new growth mandate from government, he outlines to Ali Lyon what he hopes his [...]
MPs demand answers from Meta on finfluencers complaints June 6, 2025 An influential group of MPs has demanded that Meta outline its track record responding to requests to remove damaging content from finfluencers, after the Financial Conduct Authority (FCA) named the Facebook and Instagram owner as the sector’s worst offender. Chair of the Treasury Committee Meg Hillier issued a letter to the social media giant earlier [...]
Pisces: FCA’s private stock market will worsen FOMO investing June 5, 2025 The FCA's new private stock market Pisces comes into force today, but Carrie Osmon warns the framework risks worsening FOMO investing.
Neil Woodford: ‘I could not have been more transparent’ June 5, 2025 Neil Woodford has denied misleading investors over the contents of his collapsed investment fund, insisting that he “could not have been more transparent” to his thousands of retail shareholders. Speaking exclusively to City AM, Woodford said he regularly published information on his fund’s portfolio and his investment strategy prior to its implosion, arguing that the [...]
Monzo boss: Our tech will help us beat the big banks June 4, 2025 The boss of Monzo said the fintech darling is ready to take the fight to traditional lenders and “bets every day of the week” on its chances. Speaking at the Money 20/20 conference in Amsterdam, TS Anil said the next decade of banking would present “a race between two sides of the industry.” Anil said [...]
Don’t rely on the FCA to stamp out toxic workplace culture June 3, 2025 City bosses shouldn't wait for the FCA to stamp out toxic workplace behaviour, writes Lucy McNulty in today's Notebook.
JP Morgan launches risk-rated investment portfolios June 3, 2025 JP Morgan plans to scale up its UK investment offering after fresh research revealed a huge frustration among UK retail investors. The lender found nearly one in six UK investors were unsatisfied with the income they received from investments, despite two-thirds saying the income from investing was important. The firm is using its Asset Management [...]
Starling Bank: The rise and fall of a fintech darling May 30, 2025 Over a decade ago three fintechs entered the banking scene and set their sights on reshaping its landscape. Starling, Monzo and Revolut rapidly expanded as they leveraged modern tech to streamline banking operations, enhance consumer experience and disrupt traditional financial models. The trio of fintech darlings ballooned customer bases in record numbers. But as two [...]
Close Brothers slapped with a downgrade after rocky third-quarter May 26, 2025 Close Brothers was handed a downgrade by Peel Hunt analysts on Friday after its third-quarter update did little to calm investor nerves. The bank said fees and expenses were still at an “elevated level” in the recent quarter as net expenses jumped to £13.9m. This was up from £11.6m in the same period last year. [...]
Slash red tape for fund managers or risk ‘industry exodus’ May 23, 2025 The government must slash red tape preventing new fund managers from setting up or risk an industry exodus, experts have warned. The rate of new fund management businesses being created has dropped precipitously in recent years as high barriers to entry have pushed too many entrepreneurs away from the industry, according to a report by [...]