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 UK profit slides as analysts forecast £1.8bn motor finance hit

October 29, 2024

Santander has revealed a sharp fall in its UK profit during the third quarter, while delaying the publication of more detailed figures as it digests a landmark motor finance court ruling in London.
HSBC chief Elhedery says no plans for Asia spin-off in global revamp

October 29, 2024

HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West is not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]
HSBC shares pop as bank beats profit estimates and launches $3bn buyback

October 29, 2024

HSBC has unveiled its latest share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring.
Chrysalis raises Klarna valuation ahead of fintech’s planned IPO

October 28, 2024

Chrysalis raised the valuation it assigns to its stake in Klarna as the buy-now pay-later (BNPL) giant gears up for a hotly-ancitipated IPO next year.
US investor revives controversial Revolut share offer after FCA setback

October 28, 2024

A US private equity firm is pressing on with a controversial effort to grow its stake in Revolut at a heavy discount, City AM can reveal, after its previous offer was scuppered by the City regulator.
Lloyds shares slump as analysts warn of £3.9bn motor finance bill

October 28, 2024

Shares in Lloyds Banking Group and Close Brothers fell further on Monday after a landmark London court ruling that could expose motor finance providers to billions in extra compensation.
Wise boss fined by City regulator for ‘significant tax issue’

October 28, 2024

The Financial Conduct Authority (FCA) said the issue was relevant to its "assessment of Mr Käärmann's fitness and propriety" and he had therefore breached a senior manager conduct rule.
BP and Shell profit set to slide on sluggish oil prices

October 28, 2024

BP and Shell are expected to post lower profits this week as the supermajors grapple with weak oil prices and a global slowdown in demand.
Revolut: US investor tried to scoop up cheap shares with Budget tax warning

October 27, 2024

A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.
Sexism in the City ‘will never end’, says Helena Morrissey

October 27, 2024

Sexism in UK financial services "will never end", City veteran and Tory peer Helena Morrissey has said, while poking holes in last week's bombshell FCA report on a survey of more than 1,000 firms.

Lord Alan Sugar-backed recruiter enters the red

AJ vs Paul: Netflix hosting amid WBD takeover a signal for sport

City AM The Magazine nominated for top awards

By: Lars Mucklejohn

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