By: Ali Lyon

Chief reporter 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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‘Very clever’ – Mandelson shared sensitive advice with Epstein at height of Eurozone drama

February 3, 2026

Peter Mandelson sent Jeffrey Epstein sensitive advice concerning the liquidity of the UK financial system and the stability of the euro that had been shared with Prime Minister Gordon Brown. In the exchange, which took place in May 2010 at the height of the Eurozone debt crisis and in the turbulent political aftermath of the [...]
Private markets suffer ‘reality check’ as fundraising dries up

February 3, 2026

Private markets fundraising fell to a decade low across Europe in 2025, after a slowdown in dealmaking and stuttering performance led major buyout shops to struggle to return cash to investors. According to a fresh analysis of the sector, a dearth of new mega fund raises and “persistent liquidity constraints” across the industry led fundraising [...]
FTSE 100 hits fresh record after gold and silver rout

February 2, 2026

The FTSE 100 hit a fresh record on Monday despite being swept up in a global sell-off of metals and tech stocks that had pushed Asian and European stock markets deep into the red earlier in the day. The UK’s blue-chip index closed up 118 points to end the day at an all-time high of [...]
‘Well done Petey’: Epstein advised Mandelson on $6m Deutsche Bank role

February 2, 2026

Peter Mandelson sought advice from convicted paedophile Jeffrey Epstein on a possible job offer worth up to $6m from Deutsche Bank as part of a joint campaign to land the former business secretary lucrative roles in finance after Labour lost the 2010 election, newly released emails show. According to messages published by the US Department [...]
‘Liz Truss-lite’: Is Japan in the midst of a sovereign debt crisis?

January 22, 2026

Japan’s long-dated bonds suffered their worst sell-off this century on Tuesday. Ali Lyon asks whether the rout could spark a full-blown debt crisis? For decades, the world’s fixed income investors have been sucked in – and spat out – by an alluring trade on Japan’s government bonds. Secure in their belief that the securities’ unfathomable, [...]
Trump rows back from tariff threat after scathing Davos speech

January 21, 2026

Donald Trump has rowed back from a radical plan to apply tariffs on European countries objecting to his demands to annex Greenland, just hours after launching a scathing attack on the continent’s leaders during a historic address at Davos. In a post on his social media app, the President revealed he had reached a “framework [...]
George Osborne: I got gig with Sam Altman by cold-calling OpenAI

January 21, 2026

For most people, the hunt for a plum job is a torturous process involving cover letters, CVs and several rounds of interviews. But if you’re a former chancellor of the exchequer it seems all you need to do, is cold-call human resources and you can land a top role at one of the world’s fastest-growing [...]
Citadel’s Griffin condemns Trump’s Federal Reserve attack

January 21, 2026

Donald Trump’s onslaught against the Federal Reserve is a political misstep that will put “he and his party in a precarious position”, Citadel founder Ken Griffin has said, in one of the most stinging rebukes from a US business luminary since the White House launched legal action against the central bank last week. Speaking at [...]
Non-doms are descending on Milan – and getting a divorce

January 21, 2026

Thanks to its generous flat-tax regime, Milan has become a popular bolthole for former UK-based non-doms. But, asks Ali Lyon, does the opening of a new divorce law firm in Italy’s financial capital suggest some of its new residents are regretting their decision? The United Kingdom’s decision to abolish the non-dom regime last year has [...]
Investment trust rejects hedge fund assault ending Saba saga

January 20, 2026

Shareholders of a major investment trust have roundly rejected a move by hedge fund tycoon Boaz Weinstein’s Saba to force through a radical shake-up of its leadership and investment philosophy. At a crunch Requisitioned General Meeting, Edinburgh Worldwide Investment Trust (Ewit) investors representing some 93 per cent of shares – excluding those held by Saba [...]

‘Crown jewel’ of Olympic Games memorabilia put up for sale at auction

‘Crown jewel’ of Olympic Games memorabilia put up for sale at auction

Wuthering Heights is a bodice-ripper for the OnlyFans generation

By: Ali Lyon

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