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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ECB joins other central banks in holding interest rates, lowers growth forecasts

December 14, 2023

The European Central Bank left interest rates unchanged as expected on Thursday and signalled an early end to its last remaining bond purchase scheme, wrapping up a decade-long experiment in hoovering up debt across the 20-nation euro zone.
Why the Bank of England stayed hawkish on interest rates while the Fed was optimistic

December 14, 2023

The Bank of England has taken a more hawkish stance than its US counterpart on future interest rate cuts, after opting to leave them at a 15-year high of 5.25 per cent for the third time in a row. The central bank’s Monetary Policy Committee (MPC) said “key indicators” of inflation were still elevated, despite [...]
Bank of England holds interest rates despite some policymakers voting for further hikes

December 14, 2023

The Bank of England has left interest rates on hold at 5.25 per cent for the third time in a row. The move was in line with economists' expectations.
Aviva chief Amanda Blanc tells MPs of ‘appalling’ reports of misogyny in financial sector

December 14, 2023

Chief executive of insurance giant Aviva Amanda Blanc has told the Treasury Committee she has heard from "hundreds" of women who have faced misogny while working in the financial sector, as MPs investigate sexism in the Square Mile.
Paragon Bank extends two-week rally after RBC upgrades specialist buy-to-let lender

December 13, 2023

Paragon Bank shares rose as much as 2.7 per cent on Wednesday in the specialist lender's 11th consecutive session of gains after RBC Capital Markets upgraded the stock to outperform from sector perform on the back of strong full-year results.
Lending to SMEs drops for fifth straight quarter as MPs probe access to funding

December 13, 2023

Lending to small and medium-sized businesses (SMEs) has fallen by 20 per cent in its fifth consecutive quarterly drop, according to new figures from the banking trade body, as major lenders face scrutiny from MPs.
Bank chiefs reportedly slam Labour for excluding mid-sized lenders from financial services review

December 12, 2023

A group of mid-sized and specialist banks have reportedly urged shadow City minister Tulip Siddiq to include them in the Labour Party’s financial services policy review.
Basel III rules set to have ‘low’ impact on UK banks compared to US, says Bank of England

December 12, 2023

International rules on bank capital are set to have a "low" impact on UK lenders, according to new adjustments from the Bank of England, as Wall Street warns the same framework could significantly weaken lenders in the US.
UK jobs figures bolster case for interest rate hold but ‘experimental’ unemployment data ‘difficult to trust’, analysts say

December 12, 2023

The latest UK jobs data has bolstered the case for the Bank of England to hold interest rates on Thursday, according to analysts, as the labour market shows signs of cooling but inflationary pressures still remain.
Could Shein be set to ditch New York for London ahead of bumper listing?

December 11, 2023

Shein, one of the world's biggest online fast-fashion brands, is reportedly considering a float on the London Stock Exchange (LSE) in a glimmer of hope for the City amid a drought in listings.

City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

Championship clubs up promotion gamble by adopting new financial rules

Bentley Bentayga Speed: The maddest, baddest SUV you can buy

By: Lars Mucklejohn

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