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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Monzo’s profit rockets as customer base grows by a quarter

May 19, 2026

UK fintech darling Monzo posted a mammoth profit jump in the last financial year as its customer base swelled. The neobank’s pre-tax profit came in at £87.3m, 44 per cent higher than the £60m scored in 2024. The increase came as revenue stormed 40 per cent higher to £1.7bn. Monzo’s total users ballooned 25 per [...]
As it happened: Choppy finish for FTSE 100 as global markets rocked by AI sell-off

May 19, 2026

Welcome back to the City AM liveblog. Businesses have raised the alarm over falling vacancies as new data showed a further weakening in the jobs market. Vacancies remained at a five-year low in April 2026, with a leading industry group saying recruiters were “pausing” plans to hire workers. The British Chambers of Commerce’s head of [...]
Jamie Dimon’s iron grip on JP Morgan threatens investor rebellion

May 18, 2026

Jamie Dimon’s iron grip on JP Morgan comes under the microscope at the Wall Street giant’s annual general meeting on Tuesday as the banking exec looks to fend off an investor rebellion. The world’s most influential banker is facing an activist offensive that targets splitting up the chief executive and chair role – two positions [...]
Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds

May 18, 2026

Rachel Reeves has handed a major boost to the likes of Natwest and Lloyds with an overhaul of the ring-fencing regime in hopes to free up capital to be invested into the UK. The Treasury has unveiled a shakeup of the 15-year-old legislation, which requires major banks to separate their retail banking operations from their [...]
Emergency lifeline for collapsed banks doubled to £3bn

May 18, 2026

The emergency credit fund that serves as a lifeline for collapsed lenders has been doubled as a result of “recent regulatory and operational developments”. The Financial Services Compensation Scheme (FSCS) – working in tandem with the Treasury and Bank of England – has hiked its revolving credit facility capacity to £3bn from £1.45bn previously. The [...]
Andrew Bailey steers push for Anthropic to meet global watchdog over Mythos

May 18, 2026

The global financial watchdog is set to discuss the capabilities of the Mythos tool with Anthropic following a push from Bank of England governor Andrew Bailey. The Financial Stability Board, which brings together finance bigwigs from across the G20 nations, will be briefed on the vulnerabilities in the global financial system identified by Mythos. It [...]
As it happened: IMF lifts UK GDP and stocks reverse losses as bonds warned of ‘correction’

May 18, 2026

Welcome back to the City AM liveblog. The bond market is taking a breathe after mountains of pressure on Friday. The UK’s borrowing costs hit their highest since 2008, charging to 5.17 per cent during one part of the day’s trading session. This was topped once more on Monday morning, but since then yields have [...]
Top UK business groups pledge to combat rise of antisemitism

May 15, 2026

More than 40 of the UK’s leading business organisations have issued a joint statement rallying against antisemitism, stating is has reached a level that requires “specific attention”. An open letter signed by the likes of from the British Chambers of Commerce, the CBI, and the Federation of Small Businesses calls for business leaders across the [...]
What does new City minister Rachel Blake have in store for the Square Mile?

May 15, 2026

The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after [...]
Allica lands £350m in British Business Bank scheme aimed at fintechs

May 15, 2026

Allica Bank has bagged lending backing from the UK’s state-owned economic development bank, in a scheme designed to bolster high-growth challengers that lend to small businesses. The London-based fintech – which sealed its status as a $1bn unicorn earlier this year – has landed £350m in the British Business Bank’s ENABLE Guarantee scheme, City AM [...]

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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