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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Metro Bank reports £500m drop in lending as it pivots to higher-margin products

April 30, 2024

Metro Bank has reported a fall in lending at the start of 2024 but saw a rise in deposits as it looks to rebound from potential collapse last year.
HSBC chief Noel Quinn unexpectedly steps down after nearly five years

April 30, 2024

HSBC has unexpectedly announced that its group chief executive Noel Quinn will retire after almost five years in the role and has started searching for a successor to lead Europe's largest bank.
City of London hiring rebounds in 2024 but still well below post-Covid highs

April 29, 2024

The number of jobs posted by City finance firms rebounded at the start of 2024, according to a new survey, although the market remains subdued following a rough year for recruiters.
Elementis: Activist investor calls for chemical firm’s chief to go amid ‘weak’ share price concerns

April 29, 2024

An activist investor in FTSE 250 firm Elementis has called for the removal of its chief executive as it becomes the latest shareholder to bemoan the chemicals group's "persistently weak" share price.
Western banks pay £684m in taxes to Vladimir Putin’s regime

April 29, 2024

The largest western banks that still operate in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in a sign that foreign companies remaining in the country are helping Vladimir Putin weather international sanctions.
Meet Volt, the London fintech taking on Visa and Mastercard’s duopoly

April 29, 2024

For six decades, the global payments industry has been dominated by Visa and Mastercard. In the UK, the two firms had 99 per cent market share of UK debit and credit card payments in 2021.
Bank of England to cut interest rates in August before the Fed, economists predict

April 28, 2024

The Bank of England is expected start cutting interest rates in August before the US Federal Reserve, a City A.M. poll of top economists has revealed, as inflation edges back down to the government's two per cent target.
Natwest shares jump after first quarter results as government continues to reduce stake

April 26, 2024

Natwest profits slumped in the first quarter of the year but stayed ahead of market expectations as it shrugged off the worst of the mortgage downturn to expand its lending book.
Meet the Luton-raised Italian running fan taking the top job at PwC in the UK

April 25, 2024

Company veteran Marco Amitrano has been elected to succeed Kevin Ellis as head of PwC's operations in the UK.
US economy disappoints in first quarter of 2024 as growth slows far more than expected

April 25, 2024

The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.

Christmas attractions face sharp rise in property taxes after Budget

How Formula 1 is reengineering car branding

Lotus Esprit is back as a £430k carbon fibre restomod

By: Lars Mucklejohn

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