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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UBS sails past earnings estimates as it aims to draw a line under Credit Suisse deal

May 7, 2024

Swiss banking giant UBS has returned to profit after two straight quarterly losses, driven by its wealth management and investment banking divisions, as it continues to integrate former domestic rival Credit Suisse.
TSB owner Sabadell rejects BBVA’s £10.3bn takeover bid which ‘undervalues’ bank

May 7, 2024

Banco Sabadell, the Spanish owner of British high street bank TSB, has rejected a €12bn (£10.3bn) all-share merger proposal from its bigger domestic rival Banco Bilbao Vizcaya Argentaria (BBVA).
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year

May 5, 2024

London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
HSBC scraps bonus cap for hundreds of top UK bankers after tense annual meeting

May 3, 2024

HSBC shareholders have waved through the lender's proposal to remove an EU-imposed bonus cap, paving the way for it to hand bigger payouts to hundreds of top UK bankers, after a tense annual meeting dominated by questions over its pension policy and green finance.
HSBC dished out $19bn to shareholders last year – and there’s more to come in 2024

May 3, 2024

HSBC dished out roughly $19bn (£15.1bn) to shareholders in respect of last year and expects continued strong payouts in 2024, its management has said, as Europe's biggest bank looks to weather economic uncertainity and interest rate cuts.
Future: Publishing giant poaches ITV veteran to be new finance chief

May 3, 2024

Publishing giant Future has poached ITV veteran Sharjeel Suleman to be its new chief financial officer as the firm looks to rebound from a slump in profit last year.
IHG: Holiday Inn owner posts rise in revenue driven by growth in Europe and Asia

May 3, 2024

Holiday Inn owner InterContinental Hotels Group (IHG) has reported an increase in revenue as the tailwinds that turbocharged its profits last year roll over into 2024.
Coutts under pressure for pulling £2bn out of London stock market

May 2, 2024

Royal bank Coutts is facing criticism from City figures over plans to pull roughly £2bn of clients' funds out of London's stock market.
Hiscox: UK business in ‘growth mode’ as hard market continues

May 2, 2024

Lloyd’s of London insurer Hiscox has grown its written premium by 8.3 per cent as the FTSE 250 carrier shrugged off a contraction in its London market.
Co-op Bank says transformation plan ‘materially complete’ ahead of agreed £780m Coventry merger

May 2, 2024

The Co-operative Bank has said its multi-year transformation plan is "materially complete" as the lender progresses with an agreed £780m takeover by Coventry Building Society.

Musk plans 30 per cent retail slice in SpaceX IPO

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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