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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FTSE 100: London markets rise as UK recession and poor retail sales bolster hope for interest rate cuts

February 15, 2024

The UK economy shrunk 0.1 per cent in December meaning it contracted 0.3 per cent over the fourth quarter of last year, a worse performance than economists had expected.
Goldman Sachs: Former analyst guilty of insider trading and fraud

February 15, 2024

A former Goldman Sachs analyst has been found guilty of six counts of insider trading and three counts of fraud following a London trial brought by the Financial Conduct Authority (FCA).
Close Brothers faces uncertain future as FCA motor finance probe sparks crisis

February 15, 2024

Close Brothers shares collapsed on Thursday after it cancelled its dividend for the current financial year and announced that 2025 payouts would be placed under review amid a City watchdog probe into motor finance - a major part of its business model.
Barclays reportedly considering bid for Societe Generale’s UK private bank

February 15, 2024

Barclays is reportedly weighing up a bid for Societe Generale’s UK private bank as part of efforts to diversify its business model.
Challenger banks pip high street rivals again as Monzo tops league table

February 15, 2024

The UK's digital challenger banks have once again outperformed their high street rivals in a league table on customer satisfaction from the competition watchdog.
Close Brothers shares collapse after FCA auto finance probe forces it to scrap dividend

February 15, 2024

Shares in Close Brothers have collapsed after it scrapped dividend payouts for the current financial year and put 2025 rewards under review, with the group bracing for potential compensation costs from a motor finance review by the City watchdog. The news sent the group’s shares down 28 per cent in London on Thursday morning. Close [...]
HSBC set to nearly double annual profits as it shrugs off China worries

February 15, 2024

HSBC is set to nearly double its annual profits on the back of higher interest rates as it shrugs off concerns about its exposure to China's stagnating economy.
FTSE 100: London markets rise after inflation comes in unexpectedly steady

February 14, 2024

The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Bank of England racks up £20m maintenance bill for iconic headquarters

February 14, 2024

The Bank of England has reportedly spent more than £20m on maintenance-related contracts for its Grade I-listed building since last September.
Standard Chartered looks at restructuring investment bank to boost returns

February 14, 2024

The emerging markets-focused lender is considering is a break-up of the bank's investment and corporate banking businesses, Bloomberg News reported

Why OpenAI and Anthropic are really fighting about ads

The real Guinness Six Nations showdown is happening in the pub

How South Wales became one of the UK’s most exciting food destinations

By: Lars Mucklejohn

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