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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Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn

February 22, 2024

A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes

February 22, 2024

The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Lloyds sets aside £450m for FCA motor finance probe

February 22, 2024

Lloyds Banking Group has reported a record annual profit on the back of higher interest rates while setting aside £450m for a Financial Conduct Authority motor finance probe.
Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs

February 21, 2024

Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.
Reinsurer Conduit Re sees underwriting business surge as clean balance sheet offers ‘tremendous freedom’

February 21, 2024

Pure-play insurance firm Conduit Re has reported a surge in business underwritten for 2023 and said its strong balance sheet offers "tremendous freedom".
Market data specialist Arcontech sees profits jump as clients stay loyal

February 21, 2024

Arcontech, which specialises in financial market data processing, has reported a jump in profits as its blue-chip client base remains loyal despite tough economic conditions.
HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding

February 21, 2024

HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.
‘Debanking’ driven more by cost and reputation than tackling financial crime, MPs find

February 21, 2024

A group of MPs has accused banks of closing customers' accounts mainly due to cost and reputation, rather than clamping down on financial crime, amid a gulf between "debanking" and anti-fraud enforcement.
Barclays embarks on biggest shake-up since financial crisis after difficult decade

February 20, 2024

Barclays has sought to draw a line under a difficult decade with a marathon investor presentation laying out a three-year plan to restructure the bank.
Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’

February 20, 2024

Barclays chief executive CS "Venkat" Venkatakrishnan has announced that the bank will become "simpler, better and more balanced" in a much-anticipated update on its restructuring plans.

Labour will regret the Renters’ Rights Act

NBA-EuroLeague talks at an impasse, adding uncertainty to bidding process

What’s on in London in May

By: Lars Mucklejohn

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