Skip to content
City AM
Main navigation
Download free app
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Banking
      • Tech
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • Abu Dhabi Finance Week
      • AON
      • Bayes Business School
      • City of London BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Hercules
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      IMG’s three sports sponsorship trends to watch in 2026

      GettyImages 2251290566: Professionals engaging in a business meeting, discussing strategies and market trends in a modern ...

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
      • The Punter
    • From our partners
      • The Morning Briefing: SBS x City AM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Reading owner Rob Couhig considers selling training ground to raise funds

      GettyImages 2242475377 showing a significant news event or business scenario relevant to the articles unspecified content.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • New Openings
      • Toast the City Awards
      • The Magazine
      • City Winners
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Food trends 2026: What Londoners will eat in the new year

      Engaging storytelling presentation at the DaveTale conference, featuring keynote speakers and diverse audience interaction

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Readership Survey 2025
  • City AM Events
  • Newsletters
  • Latest Paper
  • Sign In
  • Sign Out
  • My Account

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Take 2 mins to learn more at www.coinbase.com/uk-fca-info

RationalFX

  • Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off

    Fintech

    The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, City A.M. can reveal.

    RationalFX, founded and owned by Rajesh Agrawal, the former deputy mayor of London for business, was hit by the volatility of the pandemic
  • Labour candidate under fire after collapsed FX firm left clients £15m out of pocket

    Politics

    A Labour parliamentary candidate is facing questions over his past business ventures today after the FX firm he founded collapsed and left customers millions of pounds out of pocket.

    The collapsed foreign exchange (FX) firm owned by Labour candidate and former deputy mayor of London, Rajesh Agrawal, was holding millions of pounds in cash for a Maltese company linked with a bribery scheme, City A.M. can reveal.

Trending Articles

  • Tax crackdown in 2026: Why experts predict a wave of enforcement actions

  • House prices plunge around London with Brighton, Crawley hit hardest

  • Who still gets hired in the 2026 workplace?

  • Private equity firms sell assets to themselves at a record rate in 2025

  • Our honest review of new Emirates cabins central to airline’s £3.7 billion upgrade

Subscribe

Subscribe to the City AM newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • Got a story?
  • About City AM
  • Careers
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance
  • City AM Events
  • City AM Curated
  • The Punter
  • City Winners
  • Casino

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
  • Newsletters
  • Advertising
  • About
  • Tickets
Copyright 2025 City AM Limited