By: Ali Lyon

Ali Lyon is the chief reporter at City AM, responsible for covering the full gamut of business, finance and wealth news. He has been at City AM full-time since July 2024. Get in touch with tips via email: ali.lyon@cityam.com. Follow Ali on X: @alilyon_94

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War of words heats up as private credit bosses round on banks

October 29, 2025

The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the House of Lords, executives from alternative investment giants [...]
Goldman Sachs’ Solomon plays down private credit fears

October 29, 2025

Top Wall Street executives have downplayed the likelihood of a private credit downturn sparking a wider economic crisis, despite a string of major lenders setting aside billions of dollars to manage potential defaults on their balance sheets. Goldman Sachs boss David Solomon dismissed the growing chorus of voices warning that tremors in the private credit [...]
Businesses put brakes on investment before Budget

October 28, 2025

UK businesses are putting investment and hiring plans on ice ahead of next month’s eagerly anticipated Budget, fearful the Chancellor will squeeze business to plug the UK’s fiscal shortfall for the second time in as many years. According to a fresh poll of small and medium-sized businesses, more than four in five (84 per cent) [...]
Paddy Power founder: Bookies ‘scaremongering’ over tax hike damage

October 28, 2025

The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes. Stewart Kenny, who served as chairman and chief executive at the Irish gambling [...]
Tom Hayes sues UBS over Libor scandal

October 28, 2025

Tom Hayes is suing his former employer UBS, alleging it handed him on a “silver platter” to white-collar crime prosecutors to safeguard the interests of the Swiss lender and its leadership. The former trader, who became the face of the Libor rate-rigging scandal when he was sentenced to nine years in a UK prison in [...]
The man on a mission to save the internet

October 28, 2025

Search engines and publishers used to operate on a simple deal: publishers would let the likes of Google trawl their site, and in return Google would give them traffic. With the advent of AI, that deal is all but dead, leaving the internet’s old model under existential threat. Ali Lyon meets Matthew Prince, the man [...]
Mining boss: Journey from Aim to main market ‘too difficult’

October 28, 2025

The mining boss behind the London main market’s newest member has said his firm would not have transferred from Aim had he known how complicated the process would be, despite the junior market partly existing to act as a stepping stone to London’s principal exchange. Cobus Loots, the chief executive of South African-based gold miner [...]
Black interns fill Emirates to mark charity milestone

October 24, 2025

Thousands of black professionals packed out the Emirates Stadium on Thursday to celebrate the 10,000 Interns Foundation achieving its mission just five years on from being established in 2020. The non-profit organisation, which works with major employers to improve opportunities for underrepresented talent Britain, managed to fill the Arsenal ground with 10,000 current interns, alumni [...]
Another US lender tumbles as credit jitters accelerate

October 24, 2025

Another mid-sized lender filed for bankruptcy in the US, highlighting the growing strain in American credit markets which Andrew Bailey has likened to the subprime crisis that foreshadowed the Great Financial Crisis (GFC). Primalend, a Texan provider of subprime financing to car dealerships, said in a filing on Wednesday that it had collapsed after months [...]
FCA boss sounds alarm financial system resilience

October 22, 2025

The boss of the Financial Conduct Authority (FCA) has sounded the alarm on Britain’s resilience against escalating geopolitical tensions, warning the country’s financial system is not sufficiently prepared the confluence of escalating security threats it faces. In a speech calling for finance to be put at the heart of the UK’s defence strategy, Nikhil Rathi [...]

‘Scale is survival’: UK broadcasters race to merge as streaming giants squeeze revenues

Uefa blasts Fifa over Infantino plan to ‘sell football’s soul’ for $4bn

Here we go again: The best roof terrace for yet another heatwave

By: Ali Lyon

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