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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Arbuthnot shares soar after profits leap from £3.4m to £26.4m – but it warns of risks ahead

July 18, 2023

Arbuthnot Banking Group’s pretax profit soared in the first half of the year as rising interest rates helped it record a huge increase in profit. Pretax profit multiplied to £26.4m in the six months to June, up significantly from the £3.4m it recorded last year. On the back of this it upped its interim dividend [...]
Swiss investors set to launch legal challenge of Credit Suisse deal in pursuit of greater compensation

July 17, 2023

UBS’s takeover of Credit Suisse faces yet another legal challenge as an association of Swiss investors have announced their intention to file a lawsuit on behalf of former Credit Suisse shareholders. The Swiss Association for the Protection of Investors said that after receiving a “large number of inquiries”, it has decided to coordinate a lawsuit. [...]
Goldman Sachs has a ‘culture of bullying’ according to ex recruitment chief

July 17, 2023

Goldman Sachs has been accused of having a “culture of bullying” by a former recruitment executive in the latest example of banks taking flack for their intense work culture. According to The Daily Telegraph, Ian Dodd, who worked for the American banking giant in London between 2018 and 2021, claimed that staff often sobbed through [...]
Citi’s European boss says London has not been diminished by Brexit

July 17, 2023

Citigroup’s European head has said that Brexit has not impacted the City anywhere near as much as experts predicted. In an interview with The Daily Telegraph, David Livingstone, Citi’s Europe, Middle East and Africa boss, said the City has “not been diminished” by Brexit, despite attempts by the EU to attract more firms to the [...]
Gresham House to be taken private in £470m deal with US-based Searchlight Capital

July 17, 2023

Gresham House will become the latest UK-listed firm to be taken private after agreeing a £470m deal with US-based private equity company Searchlight Capital. Shareholders in the AIM-listed fund manager, which invests in assets such as forestry and solar farms, will receive 1,105p per share, a premium of 63 per cent to its closing price [...]
Trustpilot flies in former Just Eat exec who took it into FTSE 100 as its new CEO

July 17, 2023

Trustpilot has appointed Adrian Blair as its new chief executive, replacing founder and CEO Peter Holten Mühlmann. Blair will join from Cera, the digital health company, where he was chief business officer. In this role he was responsible for engineering and data at the firm. Before Cera, Blair was chief executive at accounting automation platform [...]
Investment banking slowdown set to hit Goldman Sachs and Morgan Stanley results this week

July 17, 2023

Goldman Sachs and Morgan Stanley will likely report another slowdown in profit on Wednesday and Tuesday respectively amid a continued slump in global dealmaking. Analysts at JP Morgan reduced their earnings per share estimates for Goldman Sachs and Morgan Stanley on “lower IB revenues…with limited cost offset”. The analysts cut Goldman Sachs’s EPS for the [...]
Standard Chartered sells up in sub-Saharan African and turns to faster-growing markets like Saudi and Egypt

July 14, 2023

Standard Chartered announced today that it would sell its subsidiaries in sub-Saharan Africa to Nigeria-based Access Bank. The bank will sell its stake in subsidiaries in Angola, Cameroon, Gambia and Sierra Leona as well as its consumer, private & business bank in Tanzania to Access Bank. “Access Bank will provide a full range of banking [...]
Wells Fargo beats expectations thanks to rising rates as Citi’s profits fall 36 per cent on dealmaking slowdown

July 14, 2023

Citi struggled with rising costs and falling fees in the second quarter while its Wall Street rival Wells Fargo benefitted from higher interest rates. Citi saw its profit fall 36 per cent year on year as it was hit by the global decline in dealmaking, but its performance was still better than analysts had predicted [...]
JP Morgan profits jump as bank benefits from rising rates – but boss Jamie Dimon warns of ‘salient risk’

July 14, 2023

JP Morgan beat expectations again as it reaped the rewards of rising interest rates and its takeover of First Republic, but the bank boosted loss provisions significantly. In the second quarter, the Wall Street giant recorded net income of $14.5bn, 67 per cent higher than last year and ahead of analyst expectations. Its shares were [...]

Sport business quiz 2025: Test your knowledge with City AM’s topical teasers

Sport business quiz 2025: Test your knowledge with City AM’s topical teasers

Here are the biggest, best cultural moments of 2025

By: Chris Dorrell

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