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 619 Articles

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 [...]
Portraits of Dogs at the Wallace Collection will make your tail wag

April 5, 2023

From taxidermy to Hockney’s adorable dachshunds, Portraits of Dogs, a new exhibition at the Wallace Collection, explores how the portrayal of our canine friends has changed over the centuries. Three huge portraits greet you as you enter: George Stubbs’ ‘aristocratic dogs’, which are among the exhibition’s finest pieces. More than almost anyone else on display [...]
FTSE 100 close: Markets close in the green despite US jobs data pointing to possible recession

April 5, 2023

London’s blue chip index ended in the green on Wednesday despite weak data from the US raising the risk of a recession. The capital’s premier index closed 0.37 per cent higher at 7,662.94 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended 1.14 per [...]
Ladbrokes owner gambles on media expansion, buying 365scores for £128m

April 5, 2023

Entain has bought 365scores in a deal worth up to $160m (£128m) as the betting giant hopes to expand its global reach. The Ladbrokes owner will pay $150m plus contingent payments of up to $10m for the Israeli sports media company. 365scores has 15m active users and a “fast growing” audience. It provides sports information, [...]
Meet the KPMG dealmaker putting the Big 4 firm in the green energy mix

April 5, 2023

Hardly a week goes by without a new survey showing the slump in M&A activity in 2022. By some estimates M&A dropped 18 per cent after the flurry in 2021. However, looking a little closer reveals a more nuanced picture. Mid-level M&A remained fairly consistent while certain sectors saw continued growth. One of the most [...]
Bank needs to ‘see the job through’ on inflation, says Pill – but divisions remain

April 4, 2023

The chief economist at the Bank of England, Huw Pill, has suggested that more work is needed to tame price rises because there is a danger of high inflation becoming embedded in the UK economy. “The onus remains on ensuring enough monetary tightening is delivered to ‘see the job through’ and sustainably return inflation to [...]
Sketch: Nutty shareholders provide comical end to Credit Suisse’s scandal-ridden history

April 4, 2023

Credit Suisse’s final AGM was a suitably bizarre event for a firm that has become the byword for corporate scandal in recent years. As many disgruntled shareholders said, the bank’s collapse has been long in the making with a reliable string of wrongdoing slowly eroding trust in the 167-year old institution. Fortunately, a slightly less [...]
JP Morgan boss Jamie Dimon warns ‘crisis not yet over’ and against ‘knee-jerk’ response from regulators

April 4, 2023

Jamie Dimon said today that the banking crisis is not yet over as he warned the regulators against making a “knee-jerk” response to the crisis. In a letter to shareholders, he wrote “the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to [...]
Credit Suisse chair Axel Lehmann apologises to angry shareholders at fractious final AGM

April 4, 2023

Credit Suisse chair Axel Lehmann apologised to angry shareholders at the bank’s last annual general meeting today in Zurich for failing to turn around the beleaguered bank that was forced into a rescue takeover by UBS last month. Lehmann told shareholders that he understood the “bitterness, anger and shock of all those who are disappointed, [...]
Credit Suisse shareholders fume at ‘greed and incompetence’ of execs as final AGM begins

April 4, 2023

Credit Suisse hosts its final AGM today, and it could get ugly. It will be the first time chair Axel Lehmann and chief executive Ulrich Korner will speak to shareholders since Credit Suisse’s state-brokered takeover by UBS. The deal is unpopular with shareholders, politicians and the public alike. Reportedly crowds gathered outside the arena to [...]

Starmer urges TNT Sports to air Champions League final for free

Enhanced Games sells drugs and true cost won’t be known for many years

Jinkx Monsoon’s Judy Garland musical proves drag is serious art

By: Chris Dorrell

All 619 Articles

Subscribe