By: Chris Dorrell

Chris at City AM from 2023-2025, first as banking reporter and then economics reporter. He continues to freelance and plays with his band Totally Amorphous

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New $150m fund set to invest in ‘high-impact’ firms across food and healthcare

March 27, 2023

Milltrust International is set to launch a new $150m fund focusing on ‘Sustainable Prosperity’ as it seeks to scale up health, food and sustainability companies in the UK and around the world. The British Innovation Fund II will target “high-impact, early stage companies” with links to the UK’s university sector. Sustainable prosperity is the idea [...]
‘The UK has real strengths’: Deutsche Bank CEO Tiina Lee on Brexit, the City of London and Edinburgh reforms

March 24, 2023

The City of London has been facing a crisis in confidence recently with a string of stories suggesting London no longer holds its edge as a world-leading financial sector. But despite hand-wringing in the City – particularly following ARM’s decision to list in New York – Deutsche Bank UK’s CEO Tiina Lee cautioned against this [...]
Why have UK banks been insulated from US panic? Regulation, regulation, regulation

March 24, 2023

Regional lenders in the US have been in the spotlight since the collapse of Silicon Valley Bank (SVB) with investors concerned they might be at risk from an avalanche of deposit flights. Since the collapse of SVB and Signature, shares in the US KBW regional banks index have fallen over 10 per cent. In the [...]
European banks slide as concerns remain over health of financial sector following US bank sell-off

March 23, 2023

European banking stocks slid again on Thursday, following a sell-off in the US on Wednesday, as investors remain nervous about the health of the financial sector. European banks were mostly in the red around midday: French banks Socgen and BNP Paribas fell 1.6 per cent, Deutsche Bank slipped 1.5 per cent while Commerzbank fell 3.1 [...]
Livin’ la vida CoCo not possible in circumstances: Regulator defends AT1 wipe out in Credit Suisse merger

March 23, 2023

The Swiss banking regulator defended its decision to wipe out alternative tier 1 (AT1) bondholders – also known as CoCo bonds – in the merger of UBS and Credit Suisse. In a statement put out today, Finma said Credit Suisse’s coco bonds could contractually be completely written down in a ‘viability event’, particularly if there [...]
Rival brokers FinnCap and Cenkos Securities merge to make City’s largest mid-tier investment bank

March 23, 2023

Rival brokers FinnCap and Cenkos Securities have agreed an all-share merger which will create the City’s largest investment bank focusing on small cap growth companies. Together the combined company has expected revenue of more than £50m and over £20m on its balance sheet. Both companies’ shareholders will hold 50 per cent of the equity in [...]
UBS set to benefit from Credit Suisse deal as dust settles on dramatic acquisition

March 22, 2023

Analysts were increasingly convinced that UBS’ acquisition of Credit Suisse had the potential to create long-term value for the newly merged entity. Bank of America’s Alastair Ryan said: “The industrial logic is impeccable: Credit Suisse was the closest competitor to UBS in wealth management and Switzerland; and both banks are heavy in Swiss central costs. [...]
Global green transition needs an extra $2.5tn a year to reach net zero by 2050, study says

March 22, 2023

Investment in the global green transition needs an rise by an extra $2.5tn a year in order to reach net zero by 2050, a new study has suggested. Capital investment will need to average $3.5tn a year between now and 2050 to reach net zero, according to a new report from international think tank The [...]
Banking stocks on course for another good day as fears of global crisis recede: Most in green… apart from UBS

March 22, 2023

European banking stocks were on course for another strong morning on Wednesday after a rollercoaster couple of days for the sector induced by Credit Suisse’s buy-out by UBS. Most European banks were in the green on Wednesday: SocGen was up 2.5 per cent, BNP Paribas 1.5 per cent, Deutsche Bank 1.2 per cent and Santander [...]
Why HAVE savers missed out on interest rate rises? MPs accuse banks of ‘profiting’ in failing to pass on savings hike

March 22, 2023

MPs suggested banks were earning “disproportionate profits” by failing to pass on interest rates rises to savings accounts. In a letter to the Financial Conduct Authority (FCA), the Treasury Committee also asked whether banks were earning “disproportionate profits” by “increasing rates on mortgages far quicker than rates on savings products”. Earlier this month, the chair [...]

Fury promoters Queensberry see profits rise after Dubois vs Joshua bout

Fury promoters Queensberry see profits rise after Dubois vs Joshua bout

What’s on in London January 2026

By: Chris Dorrell

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