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 tax gap nears £40bn as Tories and Labour pledge crackdown

June 20, 2024

The gap between how much tax the government owes and the amount it collects has grown to almost £40bn, latest official figures show, as the Conservatives and Labour vow to tackle tax dodging ahead of the general election.
Two arrested on suspicion of running illegal £1bn crypto exchange

June 20, 2024

Two individuals have been arrested on suspicion of running an illegal cryptoasset exchange, through which more than £1bn of unregistered digital assets are believed to have been bought and sold.
Sainsbury’s Bank sale marks end of an era for supermarkets

June 20, 2024

Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
Sainsbury’s to pay Natwest £125m to take bank division off its hands

June 20, 2024

Natwest has agreed to acquire Sainsbury's core retail banking arm - with the supermarket giant paying the lender £125m to take it off its hands.
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff

June 19, 2024

Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.
UK house prices rise for second straight month in sign of economic recovery

June 19, 2024

UK house prices rose for their second consecutive month in April, latest official figures show, amid hopes for a rebound in the housing market as the economy improves.
Starling Bank cracks down on debtors as regulator probes financial crime controls

June 19, 2024

Starling Bank has taken legal action against two dozen bad debtors as it grapples with rising defaults and a City watchdog probe into its financial crime controls.
Buy-now pay-later firm Zilch raises £100m debt ahead of hotly-anticipated public listing

June 19, 2024

London fintech Zilch has raised £100m in securitised debt financing in a deal arranged by Deutsche Bank ahead of a hotly-anticipated public listing.
HSBC ‘seriously violated’ Swiss money laundering rules, regulator says

June 18, 2024

HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
FCA appoints interim retail banking boss after shake-up at payments regulator

June 18, 2024

The Financial Conduct Authority (FCA) has appointed an interim retail banking boss after parachuting in its director to lead the payments watchdog amid industry backlash over new fraud refund rules.

Lord O’Neill declines job in Burnham government

Illegal Premier League betting could hit £1bn within year

Meet the Destrier, Bugatti’s most extreme one-off yet

By: Lars Mucklejohn

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