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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Funding Circle shares soar as lender swings to unexpected profit

September 5, 2024

Funding Circle swung to an unexpected profit in the first half of 2024 and raised its guidance for the full year as the small business lender looks to boost its flagging share price.
Cutting bank transfer fraud refund limit not enough, industry warns regulator

September 4, 2024

The UK’s payments regulator is under pressure to U-turn on a controversial fraud reimbursement scheme after confirming it would look at scaling back the measures.
UK regulator set to cut fraud refund limit but sticks by deadline for controversial rules

September 4, 2024

The UK’s payments regulator is poised to lower the maximum amount banks and fintechs would have to reimburse fraud victims under a new regime, but stuck by its October implementation date despite mounting pressure. In their current form, new rules from the Payment Systems Regulator (PSR) are due to force banks and fintechs to reimburse [...]
Revolut to ‘aggressively’ double down on business accounts after surge in revenue

September 4, 2024

The head of Revolut's business-to-business offering has said it is "aggressively doubling down" on the market, after the unit's global revenues exceeded $500m (£380m) this summer.
Direct Line returns to profit but customers flee after firm hikes insurance prices

September 4, 2024

Direct Line's operating profit undershot expectations for the first half of 2024 as the firm shed more than a quarter of a million motor insurance customers following price hikes.
Surge in ombudsman complaints deepens row over UK’s fraud refund scheme

September 4, 2024

Fraud-related complaints to the UK's financial ombudsman have hit their highest level since at least early 2018, adding pressure on payment firms contesting a scheme set to force them to reimburse scam victims from next month.
CAB Payments posts slump in profit as currency shifts drag down earnings

September 4, 2024

Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
The Bank of London founder steps down as chief executive

September 3, 2024

The Bank of London has announced that Anthony Watson is stepping down as chief executive eight years after founding the firm.
BBVA secures UK approval to acquire TSB Bank in hostile takeover bid

September 3, 2024

The UK's main banking regulator has given BBVA permission to take indirect control of TSB Bank, as the lender's Spanish parent Sabadell fends off its hostile takeover attempt.
Zilch: London fintech unicorn hits monthly operating profit ahead of planned listing

September 3, 2024

Zilch has reported its first month of operating profit four years after launching, as the fintech unicorn made progress on its financial targets ahead of a much-anticipated stock market listing.

IPO tweaks are welcome, but London’s market needs root and branch reform

Old Spice Trafford: Which brands could splash £150m sponsoring Manchester United’s new stadium?

Audi’s brought back the A2, and it’s gone electric

By: Lars Mucklejohn

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