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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Amex dives into buy-now pay-later market in challenge to Klarna

February 27, 2024

American Express has launched a new offering for UK customers to pay off credit card purchases in monthly instalments as it looks to capture further market share from the likes of Klarna.
Enfuce: Finnish fintech secures UK e-money licence and appoints ex-Tide boss as chair

February 27, 2024

Finnish card issuer and payment processor Enfuce has announced that it has secured an electronic money institution licence (EMI) from the Financial Conduct Authority, becoming the latest European fintech to eye up the UK market.
PCI-PAL: Cloud payment specialist reports jump in new business as it shrugs off High Court patent case

February 27, 2024

Secure payment solutions provider PCI-PAL has reported a jump in revenues for the six months ending 31 December 2023 as it saw an uplift in new business and touted victory in a High Court patent case.
Unite Group reports jump in profit as student accommodation shortage drives rents higher

February 27, 2024

Student landlord Unite Group has reported a jump in earnings for 2023 on the back of strong occupancy levels and higher rents.
Abrdn hands chief £800k bonus as profits dip and clients pull £13.9bn

February 27, 2024

Fund manager Abrdn has handed chief executive Stephen Bird a near £800k bonus despite clients pulling out even more funds, leading to a dip in annual profits.
British Patient Capital invests £10m into biotech firm developing cancer drug discovery platform

February 27, 2024

British Patient Capital, the venture capital subsidiary of UK government-owned British Business Bank, has invested £10m into biotech firm Curve Therapeutics to support its cancer drug discovery technology.
UK banks take first steps towards boosting bonuses after watchdogs scrapped cap

February 26, 2024

UK banks are cautiously paving the way to awarding bigger bonuses after the financial watchdogs scrapped the cap on variable pay last year.
Citi poaches top JPMorgan investment banker to head up new division

February 26, 2024

Citigroup has appointed JPMorgan Chase veteran Vis Raghavan to head up its new banking division as the Wall Street giant embarks on a mammoth restructuring.
Unions go to war with FCA management (again) over performance-related pay

February 26, 2024

Staff at the Financial Conduct Authority (FCA) have raised concerns that its new performance-based pay measures often do not beat inflation and are "weighted towards punishment".
‘Don’t bother going to New York’: Why challenger banks are nervous about listing in London

February 24, 2024

A string of UK challenger banks have hit the headlines in recent months for grand plans to compete with their larger rivals on the London Stock Exchange. But executives looking to IPO have plenty to worry about.

FTSE 100 Live: Stocks to slip as oil higher after Trump orders ‘very hard’ strikes on Iran

Everton ‘surprised and angered’ at losing £40m legal case with Burnley

How The Macallan mastered the long game

By: Lars Mucklejohn

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