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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HSBC pledges not to close more branches until 2026

August 11, 2024

HSBC has pledged not to close any more of its branches until at least 2026 as regulators and politicians ramp up efforts to ensure access to cash and in-person banking services.
Citi set to become latest Wall Street bank to scrap UK bonus cap

August 11, 2024

Wall Street giant Citigroup is set to become the latest US bank to remove an EU-imposed bonus cap for hundreds of its top London staff, following in the footsteps of its biggest rivals.
Global financial markets settle into ‘yo-yo pattern’ after Monday’s meltdown

August 8, 2024

Financial markets remain jittery after a massive sell-off on Monday as analysts identify a "yo-yo pattern" of volatility across the world.
Barclays joins Wall Street rivals in scrapping EU bonus cap

August 8, 2024

Barclays has become the first UK bank to remove an EU-imposed cap on bonuses for some of its top bankers and traders, bringing the firm's policies on variable pay closer to its Wall Street rivals.
British Business Bank posts second straight loss as tech valuations struggle

August 8, 2024

State-owned lender the British Business Bank has recorded a second straight annual loss as a decline in start-up valuations weighed on its financial performance.
FTSE 100: London markets pare losses and US stocks surge after jobless figures

August 8, 2024

London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession.
Beazley: Shares hit all-time high after insurer doubles profit and improves guidance

August 8, 2024

Shares in Beazley have hit an all-time high after the Lloyd's of London insurer more than doubled its profit in the first half of 2024 and improved its outlook for a key measure of full-year profitability.
Shawbrook: Underlying profit dips as challenger bank’s margins narrow

August 8, 2024

Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.
GB Bank: Property finance specialist moves headquarters to London amid rapid expansion

August 7, 2024

Property finance specialist GB Bank is moving its headquarters from Middlesborough to London in a bid to grow its presence in the capital and South East.
H2O Asset Management to pay investors £215m to avoid ‘substantial’ FCA fine

August 7, 2024

H2O Asset Management will pay €250m (£215m) to clients who have been unable since 2020 to access investments then worth around €1.6bn (£1.4bn) to avoid a “substantial” fine from UK regulators. Following talks with the Financial Conduct Authority (FCA), the watchdog has agreed H2O will make the sum available to all those whose investments remain trapped. The French firm will apply to cancel its [...]

Why World Cup hydration breaks will push traditional ads to the subs bench

Arsenal: Leading the digital charge as well as the Premier League

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Lars Mucklejohn

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