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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Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio

November 27, 2023

Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.
Santander boss says scrapping bonus cap is ‘good news’ for industry

November 27, 2023

Santander boss Ana Botín has supported scrapping the bankers' bonus cap in Europe following the UK government's decision to do so in October.
Aviva adds £100m Canadian operation to three-country strategy

November 27, 2023

Aviva has announced the acquisition of Canadian vehicle replacement insurer Optiom in a deal worth around £100m as it looks to grow its foothold in the country. The London-listed insurance giant said the deal would expand its capital-light businesses, which make up half of its portfolio. It added that the acquisition would “increase its access [...]
Mortgage rates won’t dip below four per cent this year, experts say

November 26, 2023

Mortgage rates are unlikely to dip below four per cent before the end of this year, industry experts told City A.M.
Will the Natwest share sale plan really ‘get Sid investing again’?

November 24, 2023

Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
Government ‘sneaking through’ new bank data powers, campaigners warn

November 24, 2023

Some have warned that the UK government is slipping through new laws with "minimal debate" as it looks to crack down on benefit fraud.
Payment firms welcome government focus on open banking and competition

November 23, 2023

Payment firms have welcomed Jeremy Hunt’s plans to legislate on open banking next year and follow recommendations of a government-backed review calling for more competition.
‘Market and regulatory tailwinds’ boost XPS Pensions amid Hunt’s reforms

November 23, 2023

XPS said it could benefit from Chancellor Jeremy Hunt's plans to consolidate the UK's fragmented pension market.
Virgin Money launches new £150m share buyback despite rise in impairments

November 23, 2023

Virgin Money has launched a £150m share buyback programme as its margins remained stable, despite a fall in pretax profit driven by a surge in impairments.
Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers

November 22, 2023

The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.

Motor finance lenders brace for legal battles amid redress spat

Frank Warren’s Queensberry hired to bring punch to Derby Festival

Forget the Full Moon party: Thailand has other amazing festivals to rival Glastonbury

By: Lars Mucklejohn

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