By: Lars Mucklejohn

Banking and Fintech Reporter Lars Mucklejohn is a reporter at City A.M. covering banking and fintech. For tips and stories, he can be contacted at lars.mucklejohn@cityam.com and posts at x.com/LarsMucklejohn

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FCA could spend £20m on car loan probe after shock court ruling

November 7, 2024

The Financial Conduct Authority (FCA) could splash £20m on the first stage of its review into car loan commissions, City AM can reveal, reflecting the scale of a scandal that may see lenders forced to pay billions of pounds in compensation.
FTSE 100 falls back as traders digest Trump presidency

November 6, 2024

The FTSE 100 pared its gains and sterling tumbled on Wednesday as traders digested how Donald Trump's presidency will impact the global economy and the UK.
Keir Starmer congratulates Trump on ‘historic election victory’

November 6, 2024

Prime Minister Keir Starmer has congratulated Donald Trump on an “historic election victory” as the former president prepares for a return to the White House. In a post on X, Starmer said that “I look forward to working with you in the years ahead”. “As the closest of allies, we stand shoulder to shoulder in [...]
Wise: Fintech’s shares pop as swelling customer base boosts profit

November 6, 2024

Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.
US Treasury yields jump and Bitcoin hits record as Trump wins election

November 6, 2024

US Treasury yields jumped and Bitcoin surged to a new record as markets reacted to Donald Trump's victory in the presidential election.
Close Brothers warned of £640m hit if car loan scandal spreads

November 5, 2024

Close Brothers could take a hit to its profits worth almost double its stock market value if a brewing car loan scandal spreads to other areas of consumer finance, analysts have warned.
Wise shares boosted by Standard Chartered FX deal

November 5, 2024

Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
Top economists cast doubt on Reeves’ Budget growth pledge

November 4, 2024

Top economists are split on whether last week's Budget will deliver a boost to the UK economy over the next five years, a City AM poll has revealed, as the Chancellor tries to calm markets.
US fintech giant Affirm muscles into UK’s buy-now pay-later market

November 4, 2024

US fintech giant Affirm has launched a UK buy-now pay-later (BNPL) offering as it looks to grab a slice of the fast-growing market in a challenge to the likes of Klarna, Clearpay and Zilch.
Bank of England set to lower interest rates as Budget dampens bets for 2025

November 3, 2024

The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government's first Budget will push up inflation.

Blair think tank turns fire on Labour over wage hikes and tax squeeze

Why Nike’s split with Raducanu is a conscious uncoupling

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Lars Mucklejohn

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