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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Revolut slams Meta for falling ‘woefully short’ in tackling scams

October 3, 2024

Fintech giant Revolut has thrown its weight behind calls for social media firms to help reimburse scam victims, calling out Meta’s latest anti-fraud push for falling “woefully short”. The London-based banking app said on Thursday that it was “deeply concerned” Meta’s new UK bank data-sharing programme “does not address what’s required to tackle fraud”. Meta, [...]
Tate & Lyle uses new listing rules to bypass vote on Kelco deal

October 3, 2024

Tate & Lyle has taken advantage of the City regulator's new listing rules to forgo a shareholder vote to approve its agreed acquisition of CP Kelco, a US speciality ingredients maker.
National Grid set to earn windfall from Electricity System Operator sale

October 3, 2024

National Grid has said it expects to earn roughly £70m more than previously anticipated from its Electricity System Operator (ESO), which it sold to the government last month.
Galliford Try hikes dividend as profit surges

October 3, 2024

Galliford Try has reported a more than tripling in annual profit and hiked its dividend as the housebuilder's earnings surpassed analysts' expectations.
Moody’s upgrades UK banking outlook as lenders weather falling interest rates

October 2, 2024

Credit rating agency Moody's has upgraded its outlook for the UK banking system to "stable" from "negative", expecting lenders' balance sheets to stay resilient to falling interest rates.
Starling Bank fined £29m for ‘shockingly lax’ financial crime controls

October 2, 2024

The Financial Conduct Authority (FCA) has fined digital challenger bank Starling £28.96m for failings related to its financial crime controls that the City regulator called "shockingly lax".
Meta: Instagram owner to expand UK bank data scheme in anti-fraud push

October 2, 2024

Meta is to partner with more UK banks for a data-sharing programme aimed at tackling fraud, as tech giants come under pressure to address a surge in scams on social media.
FTSE 100: London gains as Iran’s attack on Israel sends oil prices higher

October 2, 2024

London markets made gains on Wednesday after an unprecedented missile attack on Israel by Iran that sent oil prices higher and shook global stocks.
Saga in talks with Belgium’s Ageas over insurance deal

October 2, 2024

Saga, the British financial services and travel provider for over-50s, has said that it is in talks with Ageas for a deal involving its insurance arm as it looks to reduce debt.
Libor: After more than 50 years, tainted benchmark is officially no more

October 1, 2024

Libor, the more than 50-year-old benchmark borrowing rate, has officially been phased out after an arduous process kickstarted by a rigging scandal in the early 2010s.

Starmer addresses leadership rumours amid bond market warnings

World Cup tickets aren’t worth getting into debt for, Scotland fans told

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

By: Lars Mucklejohn

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