Letter to the editor: Brits must break up with banks February 27, 2024 Re: More than £1trn languishing in low-interest savings accounts I’ve always struggled to understand why kids in the UK don’t learn about managing their finances at school.A lack of financial education means lots of millennials have had a long-term, one sided relationship with their bank. They’ve grown up to believe that the right thing to [...]
Letters to the editor: Tourist tax proves puzzling, cross words for our crossword February 16, 2024 Each week we at City A.M. Towers receive some enlightening and occasionally constructively critical letters. Here are our favourites from this week.
U-turn if you want to: Five financial policies Keir Starmer has scrapped as Labour leader February 14, 2024 City A.M. takes you through five other financial policies Keir Starmer has expressed a change of heart on since taking over his party.
Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses February 12, 2024 Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.
Rich Ricci: Who is the horse racing chief of the City’s newest investment bank? January 16, 2024 Racehorse owner Rich Ricci is set to be reunited with his former Barclays boss Bob Diamond with the merger of investment banks Panmure Gordon and Liberum.
The hedge fund problem: Too many billionaires and too few returns for investors December 20, 2023 Hedge funds may be in vogue, but investors would do well to approach them with caution, writes Yogi Dewan
City’s newest investment bank bemoans high interest rates as ‘drag on demand’ for UK equities December 19, 2023 New bank and wealth manager Cavendish Financial has reported continued losses in its maiden set of results as it struggles with a dealmaking slump but said activity is picking up.
Regulators call out big banks for ‘suddenly closing or suspending’ charity accounts November 15, 2023 Charities are being unfairly "debanked", according to regulators, who have called on high street lenders to improve their "substandard" services for the sector.
UBS boss says bank is in ‘second phase’ of Credit Suisse merger that will ‘not change anything’ November 15, 2023 Ermotti is set to announce a strategy for the merged banks in February but is battling high costs as he winds down Credit Suisse’s unprofitable businesses while fully integrating its key Swiss banking unit.
Europe’s £10bn cum-ex tax scandal set to rumble Square Mile after key ruling November 13, 2023 Banks and investors in the Square Mile are set to be hit with more claims over Europe's biggest ever tax scam following a key ruling last week.