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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Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts

May 15, 2024

Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".
Shawbrook Bank delivers steady lending growth as specialist focus pays off

May 15, 2024

Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.
Vanquis Bank fights legal battle against claims management firm in attempt to stem losses

May 15, 2024

Specialist lender Vanquis Banking Group is involved in legal proceedings against a claims management company that it partially blamed for a profit warning earlier this year.
Virgin Money faces potential shareholder revolt over £2.9bn Nationwide deal

May 14, 2024

Virgin Money shareholders could be getting a better deal as part of the £2.9bn takeover bid from Nationwide, analysts have said ahead of a vote on the offer next week.
Santander hit by data breach affecting customers and staff

May 14, 2024

Spanish bank Santander has said data managed by an external party was recently accessed without permission, affecting some of its clients and all of its current staff.
Government rejects bid to ban NDAs in all harassment cases after sexism in the City probe

May 14, 2024

The government has refused a recommendation from an influential group of MPs to ban the use of non-disclosure agreements (NDAs) in all harassment cases, following its probe into sexism in the financial services sector.
Currys shares soar to 14-month high after electrical retailer raises profit guidance

May 14, 2024

Electrical retailer Currys has raised its earnings guidance for the last financial year, expecting a smaller dip in profit compared to the previous year as it enjoyed a return to sales growth in 2024.
Virgin Money reports ‘subdued market’ for mortgage lending as higher rates put off borrowers

May 14, 2024

Virgin Money has reported lending growth across its target areas but a downtick in mortgage balances as it prepares for a mega merger with Nationwide.
Ex-pensions minister: ‘Serious questions’ for lenders as ultra-long mortgages surge

May 13, 2024

Young homebuyers are at risk of falling into poverty in older age, a former pensions minister has warned, as fresh data suggests more than one million new mortgages over the last three years were issued with end dates beyond the state pension age.
BBVA could raise offer for Sabadell by selling TSB, analysts say

May 13, 2024

Analysts have argued Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) could raise its hostile takeover bid for smaller domestic rival Banco Sabadell by selling its UK arm TSB.

The big problem with UK investment trusts

Prem Rugby Big Match Bonanza test of sport’s commercial aims

Teeth ‘N’ Smiles review: Self Esteem is magnetic in dated show

By: Lars Mucklejohn

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