Skip to content
City AM
Main navigation
Download free app
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • City of London BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      AI minister: UK sets sights on global AI leadership, not Silicon Valley emulation

      Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...

      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

      Delicious Orie: The boxer who swapped sparring for spreadsheets

      Business professionals engaged in a lively discussion at a conference table, emphasizing teamwork and collaboration.

      Submit a story

      Tell us your story.

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

      Jamie’s Italian is awful but don’t worry, there are some great new Mediterranean restaurants too

      Elegant bancone setup in a modern business environment with stylish decor and lighting, highlighting contemporary design e...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Newsletters
  • Latest Paper

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

  • Citroën 2CV returns as a £13,000 electric car, and the timing is no accident

  • The former African gold miner taking on the billionaire Issa brothers

  • Bank of England warns Burnham of UK economy’s ‘big issue’

  • Rachel Reeves to unveil next steps for ring-fencing reform at Mansion House

  • James Watt offers to buy back Brewdog

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 Winners
  • The Punter
  • Casino
  • City AM Puzzles

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
  • Newsletters
  • Advertising
  • About
  • Licensing
Copyright 2026 City AM Limited