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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S&U fires barbs at regulator after motor finance probe dents profit

October 8, 2024

Specialist lender S&U fired another salvo at the Financial Conduct Authority (FCA) today as it blamed regulatory pressure for the “uninspiring performance” of its motor finance business in the first six months of the year. Pretax profit across the London-listed firm slumped by nearly half to £12.8m for the six months to 31 July, down [...]
UK’s cash-strapped fintechs brace for buyouts as London IPOs stall

October 8, 2024

Amid a dearth of IPO activity, the UK's fintech sector is bracing for more consolidation as successful start-ups expand and established players fend off future rivals.
UK insurers brace for major Hurricane Milton set to hit Florida

October 7, 2024

Shares in London-listed insurers dropped on Monday as the market braces for costs tied to Hurricane Milton, a major storm expected to hit Florida by Wednesday.
Beeks: Financial cloud firm swings to profit amid ‘stronger than ever’ demand

October 7, 2024

Scottish financial cloud computing firm Beeks has swung to an annual profit as it reported "stronger than ever" demand for its products.
3i Infrastructure set to exit stake in French green energy firm

October 7, 2024

FTSE 250 investment trust 3i Infrastructure is poised to sell its stake in French independent green energy operator Valorem in a deal worth roughly €309m (£258m).
Cavendish: City investment bank warns of Budget ‘uncertainty’

October 7, 2024

Cavendish is one of the City's newest investment banks, formed by the £43m merger of Cenkos and Finncap last September.
UK launches world-first bank transfer fraud refund scheme

October 7, 2024

As of Monday, the Payment Systems Regulator is requiring more than 1,500 banks, fintechs and other payment firms to reimburse victims of authorised push payment fraud up to a limit of £85,000 per claim.
Ex-cabinet secretary says £200,000 job is ‘massively underpaid’

October 6, 2024

Ex-cabinet secretary Gus O'Donnell has said the UK's most senior civil servant is "massively underpaid" at £200,000 per year.
Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid

October 6, 2024

Belgian insurance giant Ageas is open to making further takeover bids for British companies after a failed attempt to snap up Direct Line earlier this year.
Sue Gray resigns as Keir Starmer’s chief of staff

October 6, 2024

Sue Gray has resigned as Keir Starmer’s chief of staff after a controversial three-month tenure, saying “intense commentary” around her position “risked becoming a distraction”.

Employment Rights Bill will become law – as Tories vow to repeal it

Padel match booking firm raises £4.5m in major fund raise

The Best Christmas Competitions and Festive Offers This Season

By: Lars Mucklejohn

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