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.

All 1673 Articles

AI in banks? It’s all marketing and FOMO

May 13, 2026

As banks are rush to beef up their AI capacity Samuel Norman recounts the sentiment shared across the industry at a conference in Copenhagen last week. Like all sectors, banks are chasing the promises of AI. The industry is shrugging off growing fears around job losses and rushing to beef up their AI credentials. Last [...]
As it happened: Ministers resign as gilt yields at 28-year high

May 12, 2026

The Westminster political drama rocked the bond markets with gilt yields surging to a 28-year high. The yield on 30-year gilts surged 13 basis points on Tuesday to hit 5.8 per cent. It comes as nearly 80 Labour MPs have now called for the resignation of the Prime Minister and reports suggest numerous members of [...]
‘Bond market meltdown’: UK borrowing costs highest since 1998 as Starmer fights for survival

May 12, 2026

Warnings of a “bond market meltdown” flashed through the City on Tuesday after government borrowing costs soared as pressure mounted on Sir Keir Starmer’s future in Downing Street. For weeks, City investors have been on high alert as fears mounted that a mass rebellion would be triggered after devastating local election results. Traders fear the [...]
Ebay rejects Gamestop’s not ‘credible nor attractive’ $56bn bid

May 12, 2026

Global commerce giant Ebay has dismissed an audacious play from video game retailer Gamestop that sought to merge the two companies into a new titan to take on the dominance on Amazon. Ebay’s chairman Paul Pressler said the firm’s board had “thoroughly reviewed [the] proposal and has determined to reject it”. In a letter to [...]
Barclays and Lloyds shares sink as political storm puts banks in tax sights

May 12, 2026

The UK’s banking giants led a major sell-off across the FTSE 100 this morning as a combination of political hazards hit the London stock market. Barclays was the top faller on the index shortly after market open, shedding over four per cent to 410.65p. Natwest was not far behind, also losing over four per cent [...]
Barclays consumer spending drops for first time since 2024

May 12, 2026

Consumers using Barclays credit and debit cards cut their spending for the first time in 17 months in the latest sign of turmoil facing the global economy. Total spending was down 0.1 per cent year-on-year marking the first drop since November 2024, where Brits were feeling the pinch of Labour’s first Budget. Consumers mainly drew [...]
‘Twenty years of caution’: Banking industry ramps up efforts to fix ‘anaemic’ UK growth

May 11, 2026

The UK’s industry body for banking has stepped up its lobbying efforts for the government to improve “anaemic” growth figures and bolster the financial services sector. A new report published by UK Finance – the body representing around 300 firms that provide UK banking services – has issued a nine-point plan, which calls for “clear [...]
UK borrowing costs storm past five per cent after Starmer warns of ‘chaos’ if ousted

May 11, 2026

UK government borrowing costs have stormed higher following an attempt from Prime Minister Sir Keir Starmer to shore up support after a disastrous local election result. The yield on 10-year gilts rose nearly 10 basis points to over five per cent for the second time in mere weeks. It comes after Starmer sought to defy [...]
Heathrow passenger volumes drop as jet fuel crisis rocks market

May 11, 2026

Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers grounded. Passenger numbers at Europe’s biggest airport fell by five per cent in April to 6.7m with the blame being attributed to the “ongoing impact of the Middle East conflict”. For those heading to that particular region, [...]
As it happened – Starmer fights for premiership in make-or-break speech

May 11, 2026

Welcome back to the City AM liveblog. Sir Keir Starmer will deliver a speech to the nation this morning as rivals circle whilst his premiership hangs in the balance. The Prime Minister is expected to set out his response to the disastrous local elections, where Labour lost 1,496 seats. The losses came as Nigel Farage’s [...]

Sydney Sweeney Novig ad backlash shows how much women’s sport has changed

Sydney Sweeney Novig ad backlash shows how much women’s sport has changed

XPeng G6: The Electric SUV with Business Appeal

By: Samuel Norman

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