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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Monzo’s valuation rises as fintech giant bags £150m funding for US growth

May 8, 2024

Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
TSB Bank to cut 250 more jobs and close 36 branches in cost-cutting drive

May 8, 2024

TSB Bank is planning to cut around 250 jobs as part of a broader restructuring effort, joining other mid-sized high street lenders looking to reduce costs.
BBVA refuses to raise offer for Spanish bank merger with TSB owner Sabadell

May 8, 2024

Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has written to smaller domestic rival Banco Sabadell saying that it would not raise its offer for a merger, which Sabadell rejected earlier this week.
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023

May 8, 2024

OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.
Direct Line hikes prices as it tries to reassure investors it’s on track

May 8, 2024

Insurer Direct Line has grown its written premium across its three main divisions as the firm looks to bolster investor confidence in its new turnaround strategy.
City regulator should force lenders to be more transparent on SME ‘debanking’, MPs urge

May 8, 2024

An influential group of MPs has urged the City watchdog to force banks to be more transparent on why they "debank" businesses amid criticism that regulators and lenders are hamstringing growth and innovation among small firms.
FTSE 100 closes above 8,300 barrier amid global rally

May 7, 2024

London's FTSE 100 posted a new intraday record on Tuesday amid a global stock market rally driven by renewed optimism on interest rate cuts from major central banks.
Revolut launches ‘crypto exchange for pros’

May 7, 2024

Revolut has expanded its presence in the digital assets sector with the launch of a UK crypto exchange for "experienced traders".
Video games maker Frontier Developments upgrades guidance after cost-cutting drive

May 7, 2024

The AIM-listed firm said in a trading update on Tuesday that its portfolio had "performed well" over the last month "with pleasing contributions from all games".
PwC and EY handed multimillion-pound fines for London Capital & Finance audits

May 7, 2024

Three firms, including PwC and Ernst & Young (EY), have been handed fines by the accounting watchdog for their audits of London Capital & Finance (LCF), a minibonds firm which took money from almost 12,000 investors before collapsing in 2019.

EY’s legal provisions balloon 300 per cent as audit battles mount

Cole Palmer: Why Chelsea and England star trademarked ‘Cold Palmer’ celebration

Rolls-Royce to launch ultra-exclusive Coachbuild Collection

By: Lars Mucklejohn

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