By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering all the top financial institutions from retail banks to fintechs as well as stories on capital markets and economics. He has broken stories on some of the biggest names in the City and regularly writes in-depth analysis pieces on companies and industry trends. Samuel also leads on City AM's morning liveblog from 7am everyday. He writes a weekly column found in print and online on Wednesdays. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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‘Exceptionally challenging’: Starling puts climate target under review

May 21, 2026

Starling has placed its target to reduce carbon emissions by one-third by 2030 under review after it cited “exceptionally challenging” roadblocks in its mission. The UK fintech – which published its annual report on Thursday – had targeted achieving net zero across the financial services group by 2050. On the road to this goal, the [...]
Starling’s profit slides as falling interest rates bite

May 21, 2026

Starling’s profit took a dip in the latest financial year as the lower interest rate environment took a chunk out of the digital bank’s bottom line. The UK fintech notched a £217m pre-tax profit, down three per cent from the £223m secured in the prior year. This came as revenue slipped 5.6 per cent to [...]
Nationwide income soars on consumer lending boost

May 21, 2026

Nationwide booked a hefty jump in its annual income as the building society benefited from a boost in consumer lending and clawed out a bigger market share of mortgage balances. The mutual recorded a 22 per cent jump in total income to £6.4bn, which was up from £5.2bn in the previous year, led by a [...]
As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package

May 21, 2026

Welcome back to the City AM liveblog. Donald Trump has warned Iran there are two options that could see the US finishing the war in Iran, with one that will “see a few people killed as opposed to a lot”. He added: “We could do it either way.” It’s the latest threat from the White [...]
Curve swings to £9m loss as Lloyds takeover remains incomplete

May 20, 2026

Curve has swung to a loss as the Apple Pay rival’s future faces uncertainty ahead of its takeover by Lloyds Banking Group. The digital wallet provider suffered a £9.5m loss in the 2024 financial year, a major drawback from its £3m profit the 12 months prior. The tide turned on Curve’s balance sheet as revenue [...]
AI will ‘destroy and create jobs,’ says HSBC boss

May 20, 2026

The boss of Europe’s largest bank has warned that the growth of AI will both “destroy” and “create” new jobs as the banking industry continues to be reshaped in the face of new technology. Georges Elhedery, chief executive of HSBC, warned that the bank’s staff must avoid “fighting us” as it unveiled its latest AI [...]
As it happened: FTSE 100 rises as oil slips; Analysts warn of ‘short-lived’ inflation drop

May 20, 2026

Good morning and welcome back to the City AM liveblog. The City has welcomed news of undershooting inflation this morning, but warning signs already suggest it’s a temporary blip. The Consumer Price Index rose 2.8 per cent in the 12 months to April, that’s under the three per cent pencilled in and a major drop [...]
The Square Mile gets its fourth City Minister – could it soon get its fifth?

May 20, 2026

Four City minsters later, in this week’s column Samuel Norman takes a look at the blow to the Square Mile from the latest reshuffle. Also on the agenda: Revolut’s plans for the high net worth faces off with ambitions of incumbents. “Look for the girl with the sun in her eyes…” So goes the lyrics [...]
Deutsche Bank hit with six-figure fine in UK for breaching Russia sanctions

May 19, 2026

Deutsche Bank has been slapped with a six-figure fine by the Treasury’s financial sanctions body for processing payments that breached sanctions on Russia. The German multinational investment bank has been handed a £160,000 fine after it was found to have authorised two payments linked to a sanctioned Russian firm between the periods of June and [...]
UK finance workers weigh quitting over back-to-office mandates

May 19, 2026

Financial services workers are weighing quitting their roles if their companies mandate office attendance amid a deepening feud between managers and employees. Nearly six in ten employees in the finance sector said requirements around their office presence is making them more likely to leave their role, according to new research from City recruiter Morgan McKinley. [...]

Drone strikes and noise disputes: The soaring risks of the global data centre boom

Kylian Mbappe receives shares in On as he jumps ship from Nike deal

XPeng G6: The Electric SUV with Business Appeal

By: Samuel Norman

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