Banks woo the wealthy to ace stable income streams June 17, 2026 As the great and the good prepare to gather at Wimbledon, banks are serving up glamorous treatment to woo the wealthy. In this week’s column Samuel Norman looks at the players looking to call game, set, match. If you want the Centre Court treatment from your bank, you’re going to need to arrive with a [...]
Co-Op and Next among firms launching workplace savings scheme June 16, 2026 A new employer-led coalition designed to help workers build emergency savings and boost financial resilience has launched, urging employees to save regularly in order to avoid unexpected financial storms. The National Coalition for Workplace Savings was launched on Tuesday, representing firms across a range of sectors including retail, hospitality and transport, all urging employees to [...]
Streeting attacks Burnham’s pledges as ‘appeal to party at expense of Brits’ June 16, 2026 Former health secretary Wes Streeting levelled a series of thinly-veiled attacks against Manchester mayor Andy Burnham, ahead of a crucial by-election that will likely set a Labour leadership contest in motion. In a speech in Tower Bridge in London, Streeting appeared to criticise Burnham’s political campaign in Makerfield in the weeks leading up to polling [...]
Nationwide fires starting gun on mortgage deals ahead of interest rate decision June 16, 2026 Nationwide has slashed its mortgage rates for the second time in the space of a week, ahead of the Bank of England’s interest rate decision on Thursday. The building society has taken the chop to its home loan prices, with a 0.28 percentage-point reduction. It follows a 0.12 cut on 10 June. The move comes [...]
Bank of England should hold interest rates, City AM Shadow MPC says June 16, 2026 The Bank of England should hold interest rates as inflation could stay above three per cent for several months, top economists have said. City AM’s Shadow Monetary Policy Committee, a group of leading economists who have provided responses independently of their respective organisations, said interest rates should be kept at 3.75 per cent. Economists warned [...]
Billionaire IWG founder Mark Dixon steps down as chief executive June 16, 2026 The billionaire founder of IWG has unveiled plans to step down as chief executive, ending his decades-long control of the serviced office group. Mark Dixon, the Essex-born entrepreneur who founded the London-listed company as Regus group in 1989, will transition into the role of chairman while chief transformation officer Christian Schmitz is to step into [...]
Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow June 16, 2026 Rathbones is set to lose out on hundreds of millions of pounds of inflows after it suspended contributions from thousands of customers following an independent investigation into its business amid concerns from the Financial Conduct Authority. The review into the company, known as a skilled person review, uncovered compliance shortcomings in its UK wealth management [...]
As it happened: Stocks rally as Trump touts Iran deal at G7 summit; Oil lowest since early-March June 16, 2026 Welcome back to the City AM liveblog. Global leaders are gathering today in France for the G7 summit as markets digest the latest developments in the US-Iran peace deal. Relief spread across global markets yesterday after the US and Iran were confirmed to have sealed a deal to stop the fighting in the Middle East [...]
Fuse boss attacks planning rules as a ‘self-imposed bottleneck for growth’ June 16, 2026 Alan Chang believes Britain’s energy crisis is largely self-inflicted. The founder of Fuse Energy, the $5bn (£3.72bn) energy supplier and infrastructure developer, argues that the UK already has the ingredients needed to drive investment in the sector. What it lacks, he says, is a planning system capable of turning that potential into projects. “There is [...]
Badenoch: City’s risk culture should be ‘championed’ to boost UK growth June 16, 2026 Tory leader Kemi Badenoch will pledge that the role of the City of London would be one of her central levers for driving economic growth, whilst suggesting that financial regulators have buckled to pressure from media and political leaders in recent years. In an address to City financiers, Badenoch will argue that the Square Mile [...]