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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Pension giant Phoenix reportedly plotting multibillion-pound fund in boost for Hunt’s Mansion House Reforms

April 8, 2024

Phoenix Group, the UK's largest long-term savings and retirement business, is reportedly planning to launch a new multibillion-pound fund to invest in high-growth companies and boost pension returns.
Former St James’s Place boss denied £450k bonus after tumultuous 2023

April 8, 2024

The board of wealth manager St James’s Place has cancelled a £456,700 bonus due to its former chief executive for 2023 after his final few months in the role saw the FTSE 100 firm in turmoil from excessive fees.
Santander UK to quit lending standards body over risk of regulatory confusion

April 8, 2024

Santander UK is terminating its membership of a major lending standards body to avoid confusion over the duplication of voluntary and regulatory industry standards.
Thames Water explores radical restructuring plans in fight for survival

April 7, 2024

Embattled Thames Water is reportedly exploring radical plans to avoid collapse as the company and its lenders pay City advisors millions of pounds a week to work out a turnaround plan and find a way to repay its massive debts.
RBC fires finance chief over secret relationship with employee who enjoyed promotions and pay rises

April 7, 2024

Royal Bank of Canada, the country's largest bank, has fired its chief financial officer after finding that she was in a secret personal relationship with another employee who received promotions and pay rises as a result.
London Stock Exchange owner faces potential shareholder revolt over plans to double chief’s pay

April 7, 2024

The owner of the London Stock Exchange is facing potential shareholder dissent after a key proxy advisor opposed plans to double its chief's pay amid a debate over how the Square Mile can compete with US-style remuneration deals.
Should you buy NS&I’s British Savings Bonds or Premium Bonds?

April 6, 2024

As the government launches its much-touted British Savings Bonds, City A.M. asks whether the product is worth investing in over Premium Bonds.
Abrdn shareholders should oppose finance chief’s £675k salary says proxy advisor as boss handed £800k bonus

April 4, 2024

An influential proxy advisor has urged Abrdn shareholders to vote against the asset manager’s pay report due to its new chief financial officer’s £675,000 salary, despite his pay matching the job he was poached from.
Baillie Gifford’s Schiehallion offsets concerns about private company values with NAV growth

April 4, 2024

Schiehallion, the Baillie Gifford fund, has reported that its discount widened last year amid negative market sentiment towards its investments and challenging macroeconomic conditions.
Bunq becomes first EU neobank to report annual profit after surge in users and interest rate boost

April 4, 2024

Dutch mobile banking firm Bunq has become the first EU neobank to report an annual profit as it gears up to re-enter the UK market and mulls an IPO.

Tottenham Hotspur make £121m pre-tax loss despite Europa League win

LeBron, McIlroy, Ronaldo in $575m Whoop raise at $10bn valuation

Iconic City dining spot set to relocate to new rooftop location

By: Lars Mucklejohn

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