By: Chris Dorrell

Chris Dorrell is a freelance journalist and City AM contributor. He was previously City AM's banking and then economics reporter. When Chris is not breaking news, he can often be found playing with his band Totally Amorphous.

All 582 Articles

HSBC criticised for ‘political decision’ to close Hong Kong opposition party bank accounts

June 5, 2023

HSBC has been criticised for closing bank accounts held by one of the few remaining opposition parties in Hong Kong as well as some of its core members. According to the Hong Kong Free Press, HSBC has closed three accounts belonging to the League of Social Democrats. In a letter explaining the decision, the bank [...]
UBS expects to complete Credit Suisse deal within a week

June 5, 2023

UBS expects to complete the acquisition of Credit Suisse as early as 12 June but reports suggest its next earnings statement will be delayed until the end of August. In a regulatory filing today, UBS confirmed Credit Suisse will be delisted from the Swiss stock exchange when the deal is complete. It said Credit Suisse [...]
Paragon Bank set to deliver strong results as interest rates rise

June 4, 2023

Paragon Bank is set to post another strong set of results this week as analysts expect the FTSE 250 lender to benefit from rising interest rates.
Pound records strong week as London markets expects Bank to hike rates further

June 2, 2023

The pound has recorded its strongest week against the dollar in half a year as investors expect the Bank of England to keep hiking rates after the Fed has paused. Across the week, the pound gained more than 1.5 per cent against the dollar to trade at over $1.2530 on Friday afternoon. The pound performed [...]
Cost of insurance against UK debt default has more than doubled over last year

June 2, 2023

The cost of insuring the UK’s debt against default has more than doubled in the past year, as rising rates, increased borrowing and a deteriorating economic environment spooked investors. According to exclusive data from reinsurance firm Chaucer, the cost of a credit default swap (CDS) on the UK’s debt has increased 131 per cent. A [...]
FTSE 100 close: London markets round off the week in the green as US economy impresses again

June 2, 2023

London markets recorded one of their best days in months as investors were buoyed by a strong jobs report from the US suggesting its a long way off recession. The capital’s premier index climbed 1.46 per cent to 7,599.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Natwest set to receive £47m after reducing stake in Irish bank Permanent TSB

June 2, 2023

Natwest and the Irish finance ministry have sold nearly 55m shares in Permanent TSB, representing about 10 per cent of the Irish bank’s share capital. The sale reduces Natwest’s share holding from around 16.7 per cent to around 11.7 per cent. The Irish government will continue to hold 57.4 per cent of the bank. The [...]
US Senate approves debt ceiling bill narrowly avoiding traumatic default

June 2, 2023

The US Senate approved a deal to lift the debt ceiling yesterday, avoiding a traumatic federal default by a matter of days. 63 senators backed the proposals on Thursday night after the deal secured bipartisan support in the House of Representatives on Wednesday. Senate Majority Leader Chuck Schumer said ahead of voting that the Bill’s [...]
TEAM: AIM-listed asset manager in acquisition spree with £850m now under control

June 1, 2023

TEAM, the Jersey-based asset manager, has announced two acquisitions today bringing its total funds under control to more than £850m It agreed to buy Thornton Associates, based in the Isle of Man, for up to £2.5m and that the acquisition was a “natural fit” for its existing assets in Jersey. Thornton serves around 180 clients, [...]
Could JP Morgan boss Jamie Dimon run for President of the United States? Billionaire investor Bill Ackman thinks so

June 1, 2023

Billionaire investor Bill Ackman has argued that JP Morgan boss Jamie Dimon should run for president after comments earlier this week suggesting Wall Street’s longest-serving bank boss would consider running. In a tweet, Ackman said “we need an exemplary business, financial, and global leader to manage through what is likely to be a critically important [...]

The real Guinness Six Nations showdown is happening in the pub

Super Bowl 2026: Where to watch in London this weekend

Super Bowl 2026: Where to watch in London this weekend

By: Chris Dorrell

All 582 Articles

Subscribe