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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HSBC: The questions investors want answered on Elhedery’s East-West split

October 22, 2024

HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including splitting its businesses into Eastern and Western camps amid geopolitical tensions.
Gear4music: Music instrument retailer returns to growth

October 22, 2024

Gear4music said it returned to quarterly revenue growth as the online musical instrument retailer pursued a new strategy to improve its profitability.
Sabre Insurance: Motor insurance claims inflation continues to hit growth

October 22, 2024

Motor insurer Sabre Insurance said it expects annual gross written premium growth to moderate slightly as claims inflation remains elevated.
HSBC’s new boss unveils major restructuring

October 22, 2024

HSBC's new boss has unveiled a sweeping overhaul of its global structure as Europe's biggest lender also appointed its first female finance chief.
Currensea: Travel card fintech targets overseas growth after bumper summer

October 22, 2024

Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
UK banks brace for Budget tax raid despite lobbying efforts

October 21, 2024

UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Volkswagen Finance fined by FCA for unfairly treating vulnerable customers

October 21, 2024

The City regulator has fined Volkswagen's UK financial services arm £5.4m for its unfair treatment of customers in financial difficulty, which it said may have caused them harm.
BHP nears £24bn settlement in Brazil for Samarco dam disaster

October 21, 2024

Miners BHP and Vale are negotiating a possible settlement worth roughly $31.7bn (£24.32bn) with Brazilian authorities over a 2015 dam failure that is considered one of the country's worst environmental disasters.
Lendinvest taps Barclays, HSBC and BNP for £300m financing

October 21, 2024

Lendinvest has renewed a £300m financing deal with Barclays, HSBC and France’s BNP Paribas as the property fintech looks to return to profitability. The AIM-listed firm said the revolving warehouse financing agreement, shared equally between the three banks, had been extended for an additional three years on what it called improved terms. LendInvest said the [...]
Rachel Reeves could borrow £80bn over next five years, lenders say

October 20, 2024

Rachel Reeves could borrow an extra £80bn to fund the government's ambitious spending plans for infrastructure and green energy, according to lenders.

Healey condemns Reeves: ‘Our adversaries do not follow timetables set by the Treasury’

Brits urged to back UK pubs during World Cup amid booking surge

Old Pulteney releases 50-year-old whisky for 200th anniversary

By: Lars Mucklejohn

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