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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EY hands UK tax staff lower bonuses and pay rises amid slowdown

September 1, 2024

EY has reportedly cut bonuses and pay rises for thousands of its UK staff while also letting a number of partners go as the Big Four firm grapples with weaker demand for its services.
UK business confidence steady at almost nine-year high in August

August 30, 2024

UK business confidence remained at an almost nine-year high in August, a closely-watched survey has suggested, in a positive sign for the country's economic prospects.
How much could a UK bank windfall tax raise?

August 29, 2024

The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
Regulator set to postpone UK bank capital reforms until at least January 2026

August 29, 2024

The UK’s main banking regulator is reportedly planning to delay the latest series of bank capital reforms as it monitors how the rules are developing in the US. The Bank of England’s Prudential Regulation Authority (PRA) is set to delay its entire Basel 3.1 package until at least January 2026, with an official announcement expected in the [...]
HSBC reveals senior management shake-up under new boss

August 29, 2024

HSBC has announced the departure of three top executives as part of sweeping changes to the bank's management ahead of its new chief executive taking over next week.
Close Brothers shares jump as RBC sees ‘a number of potential catalysts’

August 29, 2024

Shares in Close Brothers jumped on Thursday after RBC upgraded its recommendation on the lender's stock, which has been dragged down by its exposure to a City watchdog review into unfair car loans.
Hunting: Oil and gas services firm’s profit more than doubles

August 29, 2024

Oil and gas equipment provider Hunting has reported a more than doubling in profit for the first half of 2024 as its order book hit a record level.
CAB Payments partners with Visa to boost emerging markets service

August 29, 2024

Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.
City watchdog’s motor finance review drives up official complaints

August 29, 2024

A review by the City regulator into now-banned commission arrangements on car loans has contributed to a surge in official complaints to the UK's financial ombudsman in recent months.
FTSE 100: Natwest, Barclays and Lloyds shares drop on fears of Labour tax raid

August 28, 2024

Shares in the UK's largest banks dropped on Wednesday amid concerns that the new Labour government could raise taxes on the sector in October's Budget.

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By: Lars Mucklejohn

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