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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Has Klarna’s buy now, pay later bubble burst?

June 6, 2025

Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
FCA: Motor finance redress scheme must keep market afloat

June 5, 2025

The Financial Conduct Authority has pledged any redress scheme it may implement on the motor finance industry must keep the market afloat. The watchdog said ensuring the integrity of the motor finance market, so it works well for future consumers, would be crucial framework for a redress scheme. The Supreme Court is expected to give [...]
UK fintech Wise ditches London primary listing for US

June 5, 2025

Money transfer firm Wise dealt a crushing blow to the London Stock Exchange on Thursday, after announcing plans to transfer its primary listing to the US. The UK fintech’s new proposals include a dual listing in the UK and US, but with the latter as a primary base. Wise said transferring its main listing would [...]
Monzo boss: Our tech will help us beat the big banks

June 4, 2025

The boss of Monzo said the fintech darling is ready to take the fight to traditional lenders and “bets every day of the week” on its chances. Speaking at the Money 20/20 conference in Amsterdam, TS Anil said the next decade of banking would present “a race between two sides of the industry.” Anil said [...]
Ramsdens strikes gold after price jump boosts profit to record high

June 4, 2025

Pawnbroker Ramsdens enjoyed a bumper six months as its profit soared on the back of record high gold prices. Ramsdens’ pre-tax profit jumped 54 per cent to an all-time high of £6.1m. This was up from £4m in the first half of 2024. The firm said its purchase of precious metals segment performed “very strongly” [...]
Paragon Bank: Stamp duty boost offsets motor finance provision

June 4, 2025

Specialist lender Paragon Banking Group bolstered its profit in the first half of the financial year as increased lending managed to offshore a motor finance provision. The FTSE 250 bank’s pre-tax profit surged 26.7 per cent to £149.4m, up from £146.4 in the first half of 2024. This was driven by 4.9 per cent expansion [...]
Klarna and Zilch shrug off buy now, pay later crackdown with card launch

June 3, 2025

Klarna and Zilch have shrugged off a government crackdown on by buy now pay later payments after launching landmark partnerships with payments giant Visa to introduce physical cards. Commerce network Klarna has begun piloting “Klarna Card” which aims to offer consumers greater spending flexibility without the pitfalls of traditional credit cards. The card will use [...]
Mastercard: Fraud attempts jump as retailers feel cyber attack sting

June 3, 2025

The head of artificial intelligence at Mastercard said the payment giant had seen a surge in fraud attempts, which follows a string of cyber attacks on major retailers. Greg Ulrich, chief data and AI officer at Mastercard, told City AM the payments network is “attacked perpetually” by fraudsters. The payments network recorded a 40 per [...]
Pennon Group: FTSE 250 water firm swings to loss after parasite scandal

June 3, 2025

Pennon Group, the British utility firm which owns South West Water, swung to a loss in the latest financial year after struggles driven by the Brixham water supply scandal. The FTSE 250 company made a loss of £35.1m for the year, which the firm said was in line with management expectations. It marked a steep [...]
JP Morgan launches risk-rated investment portfolios

June 3, 2025

JP Morgan plans to scale up its UK investment offering after fresh research revealed a huge frustration among UK retail investors. The lender found nearly one in six UK investors were unsatisfied with the income they received from investments, despite two-thirds saying the income from investing was important. The firm is using its Asset Management [...]

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By: Samuel Norman

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