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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9fin: Data start-up raises £40m for credit markets tech

December 2, 2024

Financial data start-up 9fin has raised $50m (£39.3m) as it looks to grow a foothold in the market for debt and private capital research. The London-based fintech announced a Series B round led by growth capital investor Highland Europe. 9fin did not disclose at what valuation it had raised the money. It was reported a [...]
Week ahead: Frasers Group and Berkeley results in focus

December 2, 2024

Mike Ashley’s Frasers Group and housebuilder Berkeley are among the FTSE 100 firms due to report earnings this week, while investors will also be paying close attention to US jobs data.
Revolut crowdfunders to cash in on extended secondary share sale

December 2, 2024

Some of Revolut’s earliest investors will be offered the chance to cash in on the fintech giant’s latest secondary share sale in a move that has staved off potential legal action, City AM can reveal. The British banking company has opened up the next phase of its sale to early stage investors, including those holding [...]
Budget could wipe out 125,000 jobs in family businesses

December 2, 2024

The government’s move to limit inheritance tax relief for family-owned businesses could cost Britain roughly 125,000 jobs and significantly reduce economic activity, new research has found. The change unveiled in Labour’s first Budget could reduce the value of goods and services produced across the UK economy by £9.4bn and incur a £1.3bn net loss for [...]
MHA: Baker Tilly UK arm posts 32 per cent revenue jump

December 2, 2024

MHA, the UK and Irish arm of Baker Tilly International, has reported a 32 per cent jump in half-year revenue, led by its audit and tax divisions.
EY to cut 150 UK consultants as division head steps down

December 1, 2024

Big Four accountancy firm EY is set to cut 150 roles in its UK consultancy division and replace one of its most senior executives amid a slowdown in demand. Cuts in the 4,700-strong unit are expected to impact managers, senior managers and directors, it is understood, which are the highest-paid roles below partner level. Meanwhile, [...]
Trump uses JP Morgan chief Jamie Dimon as ‘informal adviser’

December 1, 2024

Donald Trump has reportedly used JP Morgan Chase boss Jamie Dimon as a “sounding board” for policy ahead of returning to the White House. The Wall Street veteran has been in regular communication with Trump for months, including after his election victory, The New York Post reported. The “no-holds-barred conversations” are said to have centred [...]
How Aviva and Ageas could go head-to-head in Direct Line bidding war

November 29, 2024

The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
UK mortgage approvals rose to more than two-year high before Budget

November 29, 2024

UK lenders approved the most mortgages in more than two years last month as Britain’s housing market proved resilient ahead of the new government’s first Budget. Banks and building societies gave the green light to 68,300 loans for house purchase in October, according to data from the Bank of England. That figure is the highest [...]
TSB Bank names new boss as Robin Bulloch to retire

November 29, 2024

TSB Bank has appointed Marc Armengol to be its new chief executive as current boss Robin Bulloch prepares to retire after a 45-year career in banking. The bank said on Friday that Armengol, director of operations and technology at Spanish parent company Banco de Sabadell, is expected to rejoin TSB in early 2025. He previously [...]

Block slashes 4,000 jobs in latest AI warning

Automatic promotion and relegation from Prem Rugby scrapped

Ministry of Sound: ‘industry is on the up’ as it reveals brand new take on The Box

By: Lars Mucklejohn

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