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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Truth Social owner soars after float sets up £3.6bn windfall for Donald Trump

March 27, 2024

Donald Trump could be in line for a £3.6bn windfall after his social media company's share price soared on its debut on New York's Nasdaq stock exchange.
As savers chase better returns from online-only accounts, bank branches wither

March 27, 2024

Banks and savers alike are increasingly pulling back from branches, according to new research, as digital services offer lower operational costs for firms and better deals for customers.
Diploma shares hit all-time high after distributor inks £236m deal to buy US firm

March 27, 2024

Shares in Diploma have surged to an all-time high after the UK supplier of specialised technical products inked a deal to acquire US-based Peerless Aerospace Fastener for around £236m.
FCA warns insurers to stop undervaluing cars when settling claims

March 27, 2024

The Financial Conduct Authority (FCA) has issued a fresh warning that some insurance firms may be undervaluing written-off or stolen vehicles when settling claims.
UBS seals deal to sell $8bn in loans to Apollo as it presses on with Credit Suisse integration

March 27, 2024

UBS and private equity giant Apollo Global Management have finalised a deal to sell $8bn worth of Credit Suisse's securitised products as the bank winds down non-core businesses of its former rival after acquiring it last year.
CMC Markets raises income expectations on continued ‘positive momentum’

March 27, 2024

CMC Markets has raised its full-year income expectations after improved market conditions helped the online trading platform in the fourth quarter.
Vanquis Bank swings to annual loss and slashes dividend after jump in impairment charges

March 27, 2024

Vanquis Banking Group has swung to an annual loss and slashed its dividend after the specialist lender saw a jump in impairment charges, following a profit warning for 2024 earlier this month.
Buy now, fail later? Banks struggle to cash in on Klarna’s success

March 27, 2024

Natwest recently confirmed it would axe its buy-now pay-later scheme. Industry experts suggest the move could be a sign of things to come as traditional lenders struggle to gain a foothold in the market.
Bank fraud helpline hits 99 per cent coverage as Monzo bolsters efforts

March 26, 2024

The banking industry's answer to 999 now covers nearly all UK current accounts after Monzo joined the anti-fraud service, with the digital lender facing criticism for its performance on tackling scams.
Goldman Sachs-backed Petershill’s fee earnings hit by dealmaking slump

March 26, 2024

Petershill Partners has posted a drop in earnings from its partner firms' fees amid a "challenging external backdrop" as higher interest rates stifled dealmaking last year.

Monzo in talks over £10bn sale to Nubank in blow to IPO hopes

AI and politics will never destroy the beauty of supporting clubs like Bournemouth

Two countries, one holiday: Turkey’s glitzy Bodrum and Greece’s unbuttoned Kos

By: Lars Mucklejohn

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