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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Cash ISAs: Record £14bn piled in after rumoured cut from Reeves

June 2, 2025

A record £14bn was put into cash ISAs in April as the new tax year kicked off, fresh figures from the Bank of England show, marking the highest amount since April 1999. The ballooning savings follow speculation over the fate of cash ISAs amid rumours of a cut to the allowance. In the Spring Statement [...]
HSBC accelerates private credit pivot with $4bn injection

June 2, 2025

Europe’s biggest lender has continued its pivot into private credit funds with a $4bn investment into its asset management arm. HSBC has used its asset management business to spearhead a transition into the booming $1.6tn private credit market. The firm said it will invest the new cash into its alternative credit funds, with the goal [...]
Reeves’ tax raids and tariff woes strain UK manufacturers

June 2, 2025

British manufacturers continued to struggle in May, despite a surprise minor uptick, as tax hikes and tariffs weighed on firms. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performance, revealed manufacturers were still battling a tirade of challenges. The latest figure edged up to 46.4 in May, compared to 45.4 [...]
Monzo: Fintech unicorn tops £1bn in revenue on road to landmark IPO

June 2, 2025

UK fintech giant Monzo reported its second consecutive year of profitability on Monday after the neobank’s revenue climbed above £1bn for the first time. The firm’s revenue increased 48 per cent to £1.2bn as it reported huge expansion across business arms amid rising expectations for a London flotation in the coming months. Customer deposits jumped [...]
UK fintech: Can Britain’s booming sector conquer Europe and the US?

June 1, 2025

UK fintechs have transformed the British banking landscape – and firms are fixing their eyes on international endeavours. Top names ballooned profits and customers bases over the last year whilst picking up a fleet of accolades. London-based Allica Bank was dubbed the UK’s fastest growing private company by The Times Hundred and Europe’s fastest growing start-up by Sifted. [...]
Natwest returns to private ownership

May 30, 2025

Natwest has finally re-entered private ownership ending one of British banking’s longest-running sagas. The government sold off its remaining 0.26 per cent stake in the group on Friday marking a full exit from the lender. The Treasury’s share of the FTSE 100 lender dates back to the 2008 financial crisis. Natwest, then under the Royal [...]
Bank of England rate-setter calls for interest rate cut

May 30, 2025

A top Bank of England rate-setter has dismissed the latest spike in inflation and doubled down on calls for further interest rate cuts. Monetary Policy Committee (MPC) member Alan Taylor said the fresh inflation surge was driven by “one-off factors” related to President Donald Trump’s trade war. Whilst he said recent trade progress, with the [...]
UK business confidence bounces back from Trump’s tariff blow

May 30, 2025

UK business confidence rallied in May as global financial markets made their recovery from President Donald Trump’s tariff onslaught. Lloyds Bank business barometer jumped 11 points over the last month to 50 per cent. – marking a nine month high. The lender surveys 1,200 companies and weighs up the percentage of firms that have a [...]
Nationwide hands customers billions as FTSE 100 banks up shareholder payouts

May 30, 2025

Nationwide returned billions to customers in 2024 whilst the FTSE 100 banking juggernauts used excess capital to up payouts for shareholders. The building society handed customers £2.8bn in the last year through a combination of reward schemes that offered better rates on savings and loans. Meanwhile, listed banks used their extra cash to give big [...]
Starling Bank: The rise and fall of a fintech darling

May 30, 2025

Over a decade ago three fintechs entered the banking scene and set their sights on reshaping its landscape. Starling, Monzo and Revolut rapidly expanded as they leveraged modern tech to streamline banking operations, enhance consumer experience and disrupt traditional financial models. The trio of fintech darlings ballooned customer bases in record numbers. But as two [...]

Universal reveals £133m investment in Bedford theme park

An England World Cup isn’t just football – it is money, politics and a nation’s bad habits

Bowls Club is the City’s most eccentric (and brilliant) pop-up

By: Samuel Norman

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