By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering banking and fintech as well as stories on capital markets and economics. He also leads on City AM's morning liveblog from 7am everyday. He has previously written for the Daily Mail and The i Paper and worked for Sky News as an election stringer. He enjoys writing in-depth analysis of major blue-chip firms and start-ups and also industry trends. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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Barclays takes shot at tax speculation as UK growth forecast cut

April 28, 2026

Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
Barclays shares slide as sour loan provisions balloon to £823m

April 28, 2026

Barclays made a mammoth reservation for bad loans in the first quarter led by the hostilities in the global market and a single name charge in its investment banking division. The blue-chip lender set aside £823m for potential loan losses, up from £643m in the same period last year, in a stark sign the firm [...]
FTSE 100 Live: Stocks dip as oil edges higher; BP posts profit boom

April 28, 2026

Good morning and welcome back to the City AM liveblog. Oil returned to a three-week high comfortably over the $105 mark on Monday and those gains look set to continue today. Brent crude – the international benchmark for oil prices – edged over $110 on Tuesday morning as it once again appeared peace talks in [...]
Macquarie ups stake in Argentex founder’s fintech as it clinches licence

April 28, 2026

Macquarie has built up its stake in a London-based foreign exchange fintech after the firm clinched a new permit from the City watchdog. The financial services giant has increased its holdings in Tenora to 33 per cent. It follows the fintech bagging Macquaire’s investment last summer in fundraise that valued the start-up at £15m. The [...]
Motor finance lenders warned of ‘gridlock’ as £9bn scandal clogs rearview

April 27, 2026

The UK’s top banks are gearing up to put the long-running motor finance scandal in the rearview mirror but warning lights on the dashboard suggest they may still face “gridlock” on the multi-billion pound saga. FTSE 250 lender Vanquis became the latest on Monday to confirm it would not lodge a legal challenge against the [...]
Natwest, HSBC, Lloyds face rules change in regulatory shake-up

April 27, 2026

A number of Britain’s top lenders will on Tuesday face a rules overhaul relating to regulations around de-banking customers. HSBC, Natwest and Lloyds are among the lenders that will have to comply with the new changes that are expected to afford customers improved protections when accounts are closed. New rules – which will come into [...]
Bank of London: Peter Mandelson-backed fintech sees losses widen

April 27, 2026

The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
FTSE 100 banks £16bn payday to face economic reality check

April 27, 2026

Provisions for sour loans threaten to take a bite out of profit growth as Barclays kicks off FTSE 100 banks earnings season next week whilst economic tensions loom over the wider financial industry. UK banks will give a snapshot of the gathering tensions in the economy next week as the nation’s top lenders update the [...]
Rachel Reeves plots ‘growth push’ as Labour set for bruising elections

April 27, 2026

Rachel Reeves is plotting another “growth push” as the Labour party prepares itself for a potentially bruising defeat in the local elections. The Chancellor is set to unveil a new push for fiscal discipline, a closer relationship with the EU and planning reforms in a bid to ease the nerves of the party. The forthcoming [...]
FTSE 100 Live: Stocks dip as oil prices surge to three-week high

April 27, 2026

Good morning and welcome back to the City AM liveblog. There’s set to be little relief in markets this morning as investors return from the weekend to oil hitting a three-week high. The price of Brent crude – the international benchmark for oil prices – rose two per cent to over $107 on Monday morning. [...]

BP chair Manifold hits back at ‘false’ misconduct claims

Brentford to seek permission for six concerts at stadium

English wine has moved up a notch – here’s why

By: Samuel Norman

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