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 618 Articles

Soft landing? Why the latest jobs data could leave the Fed with a tricky call

April 10, 2023

Analysts are divided about whether the US Federal Reserve should hike rates again as they digest last week’s figures on the labour market. On Friday last week, a closely watched survey of the US labour market showed the economy added 236,000 new jobs in March. While more jobs are still being added, the report suggests [...]
Why has an Enfield Barclays branch been given Grade 2 listed status?

April 10, 2023

An “exuberant” Barclays branch in London, home to the world’s first automated teller machine (ATM), has been given heritage status as the number of ATMs around the country continues to decline. The bank branch, situated at 20 The Town, Enfield, was fitted with the world’s first ATM in 1967 by the actor and comedian [...]
IMF and World Bank meetings: What will central bankers and finance chiefs be talking about?

April 10, 2023

The International Monetary Fund (IMF) and World Bank are meeting in Washington this week for their Spring meeting with the stability of the banking sector high up the agenda. Finance ministers and central bankers from around the world will come together with much to discuss, particularly after the collapse of Silicon Valley Bank sent shockwaves [...]
Is it over now? Where next for the banking crisis in Europe

April 7, 2023

Is that it? After a few weeks of exhilarating volatility, European banking stocks have settled into a more reliable pattern. It seems dramatic regulatory interventions have stemmed the possibility of immediate financial difficulties. The question now is whether the events of the past few weeks are symptoms of wider financial problems which will be brought [...]
Analysis: After the Silicon Valley Bank collapse, is it time for tighter liquidity rules?

April 7, 2023

Experts have suggested that the global banking system needs tighter liquidity rules after the largest bank run in history felled Silicon Valley Bank (SVB) last month. The impact of mobile banking, new technologies and social media means it is easier than ever to move money around. More than $42bn flowed out of SVB in just [...]
Barclays shareholders urged to vote against excessive executive pay package after ex-CFO cost bank millions

April 6, 2023

Glass Lewis has recommended that Barclays’ shareholders vote against a pay plan for its executive team, citing excessive pay for its former finance chief who was in charge when a trading blunder ended up costing the bank hundreds of millions. While Barclays docked £1m from the pay of its top executives in February, proxy advisor [...]
FTSE 100 close: Markets end in the green before Easter weekend despite US recession fears

April 6, 2023

London’s blue-chip index approached the Easter weekend higher as oil giant Shell lifted markets despite fears that the US economy might be slowing. The capital’s premier index ended 1.03 per cent higher at 7,741.56 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, closed 1.05 [...]
A tale of two markets: ‘Muted’ UK recruitment offset by thriving Europe, says Robert Walters

April 6, 2023

Robert Walters said its group profit remained flat in the first quarter of 2023 compared to last year, as a European recruitment drive offset falls elsewhere. Group profit was flat compared to last year on a constant currency basis, although it rose four per cent to £102.4m from £98.4m on a reported level. The recruiter [...]
De La Rue faces shareholder revolt as fund calls for chair to go over ‘failed’ turnaround plan

April 5, 2023

London-listed banknote maker De La Rue is facing a shareholder revolt after a major investor demanded that chair Kevin Loosemore be removed for failing to improve the company’s performance. In a letter to shareholders today, AIM-listed activist fund Crystal Amber argued that De La Rue is failing to meet its financial targets, which it set [...]
UBS: Credit Suisse deal poses a ‘major challenge’ – but it won’t alter bank’s strategy

April 5, 2023

UBS chair Colm Kelleher said the bank’s $3.25bn acquisition of Credit Suisse would not force it to change its strategy over the next few years, but admitted the integration represented a “major challenge”. Speaking at the bank’s AGM in Basel today, Kelleher said the acquisition was “a new beginning” and brought “huge opportunities ahead for [...]

The Capitalist: Lloyds teases wannabe buyers with ‘homebuying tasting menu’

Women’s Super League fans spend more on matchdays than Premier League counterparts

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Chris Dorrell

All 618 Articles

Subscribe