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 [...]
Motor finance: Is Close Brothers heading for a car crash? May 22, 2025 Costs are mounting, loan books are shrinking, an existential motor finance ruling looms – is Close Brothers heading for disaster? It’s been a bruising 12 months for the lender, with its stock down over 25 per cent. Recent rallies have helped it claw back gains of over 65 per cent in the last six months [...]
The UK is a financial world leader, so why are our numeracy levels so poor? May 21, 2025 Poor numeracy skills have real financial consequences. If the City is to remain a financial powerhouse, we must address the nation’s deteriorating maths, writes Andy Haldane on National Numeracy Day Financial services is a numbers game. Success in finance requires mastery of a wide range of skills, professional and interpersonal. But without a command of [...]
What will stricter buy now pay later regulations mean for Klarna? May 20, 2025 The government is clamping down on the “wild west” of buy now, pay later (BNPL) but this could spark trouble for industry veterans in a competitive sector. The Treasury is set to bring BNPL providers under the supervision of the Financial Conduct Authority, meaning they will have to adhere to the stricter frameworks of the [...]
Lloyds Bank boss: No evidence of harm in motor finance scandal May 20, 2025 Lloyds Banking Group’s chief executive faced a grilling from the Treasury Select Committee on Tuesday over the lender’s historical exposure to the motor finance market. Charlie Nunn, the bank’s boss, said there was “no evidence of harm” from the firm’s operations in the car financing market. The scandal in the sector headed to the Supreme [...]