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 brings in Barclays executive as new CFO amid major restructuring

February 29, 2024

Metro Bank has appointed Barclays executive Marc Page as its new chief financial officer as the lender undergoes a major restructuring designed to shore up its balance sheet.
Ex-Chancellor Philip Hammond appointed as chair of fintech Railsr

February 29, 2024

Former Chancellor Philip Hammond has been appointed as the chair of Railsr, a year after the embedded banking platform was rescued from collapse.
Clearbank appoints former SVB Europe risk head as UK chief executive

February 29, 2024

Clearbank has named Emma Hagan, formerly Silicon Valley Bank Europe's chief risk officer, as its new UK chief executive.
Coventry Building Society sees profit boost from rate hikes as Co-op Bank merger talks continue

February 29, 2024

Higher interest rates have boosted Coventry Building Society's annual profits as the lender continues to negotiate a potential merger with the Co-op Bank.
Hedge fund group Man sees assets under management swell to a record, announces new buyback

February 29, 2024

Man Group, the world's largest publicly listed hedge fund, has hit a record in assets under management despite a sharp fall in annual profits on lower performance fees.
UK must embrace open finance to be a global fintech leader and boost IPOs, industry chief says

February 29, 2024

Open finance is key to making the UK a global leader in fintech and unlocking more public listings, the boss of a government-backed industry hub has told City A.M., as the sector struggles to lure investors.
City minister: Debanking trend is a ‘great business opportunity’ for newer lenders

February 28, 2024

City minister Bim Afolami has told MPs that big banks closing high numbers of small firms' accounts offers "great business opportunities" for newer lenders with different risk appetites.
Klarna posts fifth straight annual loss as buy-now pay-later giant eyes up New York listing

February 28, 2024

Buy-now pay-later giant Klarna has reported its fifth consecutive annual loss as the fintech gears up for a blockbuster IPO.
More than 140,000 small business accounts were ‘debanked’ last year

February 27, 2024

Big banks closed just under 142,000 small business accounts last year, according to the Treasury watchdog, as MPs scrutinise lenders' approaches to "debanking".
Citi’s investment banking market share drops to lowest level since 2000

February 27, 2024

Citigroup's share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand for the bank to catch up to its Wall Street rivals.

UK at ‘greatest risk’ of jet fuel shortage as flights to be cancelled

Why Sunderland’s away kit legal row is a warning to all sports

What’s on in London in May

By: Lars Mucklejohn

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