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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Santander: Bank cuts UK mortgage lending by more than £10bn

October 25, 2023

Santander's UK division saw healthy pre-tax profit in the first nine months of 2023 but has slashed UK mortgage lending amid higher interest rates.
Brits lose ‘staggering’ £580m to fraud in six months as banks urge Big Tech to do more

October 25, 2023

After Fraudsters took £580m from Britons in 2023, the banking trade association UK Finance called the issue a "national security threat".
Cap, scrapped: Banker bonus limit to go in bid to boost City competitiveness

October 24, 2023

Regulators have confirmed plans to scrap the cap on bankers' bonuses with the new policy going live at the end of this month.
PwC underperforms Big Four in revenue growth

October 24, 2023

PwC's revenue growth is down from 13.4 per cent in the previous year, falling short of its Big Four rivals.
FTSE 100 close: London ticks up on economic data, banking stocks pare losses

October 24, 2023

London’s FTSE indices closed higher on Tuesday, paring losses from this morning as investors mulled key economic data and the state of the UK’s banking sector. The blue-chip FTSE 100 traded 0.2 per cent higher at 7,389.70, while the mid-cap FTSE 250 dropped 0.38 per cent to 16,994.10. Investors weighed S&P Global’s Purchasing Managers’ Index, [...]
‘Something extraordinary’ is going on in UK and European stock markets, analyst says

October 23, 2023

The growing taste for share buybacks in Europe and the UK is giving companies a hidden advantage over their US rivals, analysts at Liberum have argued. According to their research, yields on share buybacks in Europe and the UK are now roughly equal to peers in the US. European firms have traditionally relied on dividends [...]
London’s soaring rents now swallow up 35 per cent of tenants’ salaries

October 23, 2023

More than a third of Londoners’ average pay went towards paying rent last year, according to the latest government figures, as tenants face a crisis in the capital. Data released by the Office for National Statistics on Monday showed that London was the least affordable region in the UK in which to rent, with an [...]
Lender TAB secures up to £300m funding led by Natwest with focus on sustainability

October 23, 2023

Lender TAB has secured an up to £300m round of funding with Natwest and Atalaya to support its bridging and mortgage products. The private securitisation facility will enable TAB to fund borrowers for up to ten years and leverage its ability to provide capital quickly, the firm announced on Monday. TAB, which is set to [...]
SMEs fear winter supply chain crunch could hit revenue in golden Christmas quarter

October 22, 2023

Supply chain disruption is the top concern of medium-sized businesses ahead of winter, a survey has found, as rising costs put pressure on revenue targets. The poll of 500 medium-sized business leaders by consultancy BDO showed nearly a quarter fear that supply chain issues, including suppliers folding and stock shortages, could endanger revenue targets this [...]
Tax receipts: Five things we’ve learnt from today’s data

October 20, 2023

Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.

Block slashes 4,000 jobs in latest AI warning

Automatic promotion and relegation from Prem Rugby scrapped

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

By: Lars Mucklejohn

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