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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One in five first-time buyers take out 35-year mortgages or longer amid economic turmoil

March 4, 2024

Personal savings and mortgage lending were battered by inflationary pressures and higher borrowing costs last year, according to new data, amid a surge in home buyers take out loans with terms of 35 years or longer.
Bank of England had 28 ‘major’ compliance breaches in a year but ‘good progress’ made

March 4, 2024

The public spending watchdog has found dozens of "major" compliance breaches at the Bank of England over the course of a year, despite it taking steps to address shortcomings.
Globaldata posts uptick in profits, hails ‘milestone’ £1.2bn healthcare valuation

March 4, 2024

International data and analytics firm GlobalData has reported an uptick in annual profits as it completes a reorganisation following a £1.2bn valuation of its healthcare business.
Pensionbee proposes US expansion as fintech expects first annual profit in 2024

March 4, 2024

London-listed fintech Pensionbee has announced plans to expand into the US retirement savings market as it nears profitability following a jump in customer numbers.
Lord Sugar buys back Amstrad brand name for new marketing agency led by grandson

March 4, 2024

Lord Alan Sugar has bought back the rights to the household name Amstrad, 17 years after selling it to Sky, for a new digital marketing firm led by his grandson.
MPs urge government to reveal bailout plan for struggling Thames Water

March 3, 2024

A group of MPs has urged the government to publish its contingency plans for bailing out Thames Water amid fears that taxpayers could be on the hook for billions of pounds.
Spring Budget 2024: Hunt considering plans for private firms to trade shares on exchanges

March 3, 2024

Chancellor Jeremy Hunt is reportedly considering launching a system for UK private firms to have their shares traded on exchanges before the end of this year as the Treasury looks to strengthen the country's capital markets.
Santander faces potential shareholder revolt over chair’s pay

March 3, 2024

A key proxy adviser has urged Santander shareholders to vote against changes to executive chair Ana Botín’s pay package at the bank’s annual general meeting this month.
Sainsbury’s to cut 1,500 jobs and invest in automation to reduce costs by £1bn

February 29, 2024

Supermarket giant Sainsbury’s has said it plans to cut some 1,500 jobs as part of efforts to reduce costs by around £1bn per year.
Spring Budget 2024: Hunt set to unveil Natwest government share sale aiming to raise up to £4bn

February 29, 2024

Chancellor Jeremy Hunt is set to unveil more details on the government's plan to sell its shares in Natwest to retail investors at next week's Spring Budget, alongside wider reforms to boost UK capital markets activity.

Late payments costing UK economy £11bn as SMEs struggle to invest

Can football conquer the US? Why culture is key this World Cup

The best places to eat sandwiches in Lisbon, from bifanas to pregos

By: Lars Mucklejohn

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