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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Analysts ‘bullish’ on UK fintech Wise despite tariff threat

April 16, 2025

Wise’s trading update left analysts with a “bullish outlook” on the money transfer firm, but they warned of a tariffs threat. The UK fintech pocketed £350m in underlying income for the fourth quarter – a 13 per cent jump year-on-year. International payments bolstered the firm’s intake, soaring 28 per cent to £39.1bn. This offset a [...]
Dollar movements spark ‘Trussonomics’ fears with worst case scenario ‘no longer unthinkable’

April 16, 2025

The dollar’s worst case scenario is “no longer unthinkable,” economists have warned, as some draw parallels with the crisis in UK financial markets during the Liz Truss premiership. Alongside plummeting stocks and falling bond prices, the US currency has weakened in the wake of Trump’s erratic tariff agenda, with growing concerns that its status as [...]
The UK’s fastest growing fintech Allica Bank delivers another record year

April 16, 2025

Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to [...]
Bank of America, JP Morgan, Goldman Sachs: Wall Street cashes in on market volatility

April 15, 2025

Wall Street’s banking giants pocketed record revenues in the first quarter of 2025 as market volatility ramped up. Top lenders were able to smash profit expectations after reaping the rewards of a trading boom caused by President Donald Trump’s erratic tariff agenda. Trump’s bait-and-switch on tariffs triggered countless sell-offs as traders across the globe ditched [...]
S&U shares slump after motor finance drags profits down

April 15, 2025

Shares in specialist lender S&U dropped nearly two per cent on Tuesday after annual profits tumbled due to challenges from the motor finance scandal. Pre-tax profit for the financial year ending January 31 2025 fell to £24m, compared to £33.6m in the previous period. Impairment charges rose to £35.6m for the group, reflecting a near [...]
Income at UK fintech Wise jumps as payment volumes soar

April 15, 2025

Money transfer firm Wise posted an increase to fourth quarter income driven by growth in international payments. The fintech, which enables digital payments for consumers and businesses, booked an underlying income of £350m for the fourth quarter. This was a 13 per cent increase from the previous quarter. Cross-border volumes soared 28 per cent to [...]
Goldman Sachs: Profit jumps after record quarter for traders

April 14, 2025

Goldman Sachs posted a 15 per cent jump in first-quarter profit. The Wall Street giant’s revenue was boosted by record equities trading amid market volatility. The bank’s first-quarter net revenue was $15.06 bn (£11.4bn), surpassing the analyst consensus of $14.8bn (£11.2bn). Net earnings were $4.74bn (£3.6bn). Equity-trading revenue rose 27 per cent from the previous [...]
UK surges ahead of France and Germany as Europe’s ‘innovation powerhouse’

April 14, 2025

HSBC Innovation Banking, a subsidiary of Europe’s biggest lender, hailed the UK’s enterprise value in its latest innovation report. UK innovation firms raised £3.2bn of venture capital in the first three months of the year – an eight per cent increase from the first quarter of 2024. The quarter attracted higher amounts of funding, with [...]
Financial Conduct Authority: Lenders ‘unclear’ on bereavement policy

April 14, 2025

Lenders “can improve” their treatment of bereaved customers, the Financial Conduct Authority has said. The City watchdog has published a framework outlining good and poor practice to help firms “provide the right support” to consumers who are facing difficult times. The FCA said the introduction of the Consumer Duty in July 2023 has helped provide [...]
Finance bosses predict sharpest hiring drop since 2020 after tariff uncertainty

April 14, 2025

Finance bosses expect the sharpest decline in corporate hiring since the third quarter of 2020 as geopolitical risks escalate. A fresh report from Deloitte has showed signs of a waning job market with wage growth expect to slow from 3.6 per cent to three per cent. A net 14 per cent of chief financial officers [...]

Gloucester Rugby asks fans for £300k as it seeks investors at £36.5m valuation

Bath sell-out bright spark as Champions Cup attendances fall

Barbican Centre: the brutalist landmark weaving art into everyday London life.

By: Samuel Norman

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