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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UK lenders must do more to support people in debt, ombudsman chief says

September 19, 2024

The head of the UK's financial ombudsman has urged lenders to do more to help consumers struggling with debt after a surge in official complaints.
Close Brothers to sell asset management arm as motor finance bill looms

September 19, 2024

Close Brothers' shares are down by around a third since the Financial Conduct Authority announced in January that it would review whether customers were overcharged via now-banned discretionary commission arrangements on car loans.
Big Four under pressure as government looks to slash £5.4bn consultant bill

September 19, 2024

The UK government should review opportunities for further insourcing in management consultancy, a top think tank has urged, putting more pressure on the Big Four firms as Labour seeks to cut spending.
London Stock Exchange set to decline in coming years, FTSE boards warn

September 19, 2024

Slightly more than half of FTSE 350 company boards believe the London Stock Exchange will decline in the coming years, according to a new survey, in a blow to the UK government's plans for capital markets reform.
UK banks giving savers better value but still ‘room for improvement’, FCA says

September 18, 2024

The City regulator has said savers are an estimated £4bn better off following improvements to easy access rates in recent months, but still put pressure on banks to offer more value.
UK bank compensation scheme faces leadership vacuum after recruitment delays

September 18, 2024

The institution that protects government-guaranteed deposits in failed banks is facing questions over its future leadership after multiple setbacks to recruiting a new chair and permanent chief executive, City A.M. can reveal.
New access to cash rules kick in for UK banks and building societies

September 18, 2024

New rules from the UK's financial regulator to ensure access to cash have come into force, handing new powers to local communities and placing stricter requirements on banks looking to close branches.
Revolut readies for India launch in 2025 amid aggressive expansion

September 17, 2024

Revolut is planning to launch in India next year, targeting top-tier consumers in the world’s most populous nation as part of aggressive expansion efforts. The London-based banking app is eyeing up a slice of India’s lucrative fintech market, which serves millions of consumers within its growing middle class who previously had limited access to financial [...]
London Metal Exchange hires veteran Credit Suisse executive in modernisation push

September 16, 2024

The London Metal Exchange has added veteran banker Robert Arbuthnott to its executive team as the marketplace looks to modernise and rebuild its reputation after a high-profile legal battle.
Bain Capital reportedly weighing sale of Direct Line rival esure

September 16, 2024

Private equity giant Bain Capital is reportedly considering selling British motor and home insurer esure in the latest sign of M&A in the sector.

Sound-proof booths are as important as AI for your office

Abramovich to fight UK Government over funds from £2.5bn Chelsea sale

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: Lars Mucklejohn

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