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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Revolut eyes trading and wealth push amid hiring spree

March 24, 2026

Revolut has laid out its initial blue-print for major expansion in its trading operations after the fintech giant bagged its full-fat UK banking licence earlier this month. The $75bn digital banking juggernaut has kicked off a hiring spree at its Canary Wharf headquarters as well as other financial hubs across the globe. The fintech has [...]
Mortgage deals shrink by a fifth since outbreak of Iran war

March 23, 2026

The number of mortgage deals on offer for homeowners have shrunk by nearly a fifth since war broke out in Iran just over three weeks ago. Just shy of 1,500 fewer residential mortgages were available on Monday morning, compared with March 9, amounting to a contraction of 19.5 per cent. According to financial information platform [...]
Trump’s call to pause strikes in Iran boosts markets

March 23, 2026

Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]
Federal Reserve orders Oaknorth to set up UK holding firm

March 23, 2026

Digital bank Oaknorth has been ordered by the US financial watchdog to switch its domicile to the UK to get the green light on its takeover of a Michigan-based bank. The small business lender is exploring plans to establish a new UK holding company as a way to seal the deal on its acquisition of [...]
FTSE 100 Live: Stocks jittery after Trump’s latest TACO; Oil price slips

March 23, 2026

Welcome back to the City AM liveblog. Markets are in recovery mode after a dramatic intervention from President Donald Trump slapped a delay on his bombastic ultimatum. Trump issued a 48-hour ultimatum to the Iranian regime on Saturday night, where he called for the full re-opening of the Strait of Hormuz. The strait is a [...]
Revolut poised to hit Natwest and Lloyds in deposit war

March 20, 2026

Revolut’s long-awaited UK banking licence approval is set to trigger a “deposit war” that could hand a major blow to incumbent giants Natwest and Lloyds. The $75bn fintech juggernaut finally bagged its full-fat UK banking permit earlier this month after a four-year tussle with regulators. Analysts are expecting the move to send ripples across the [...]
One in five founders expect to leave UK in next 12 months

March 19, 2026

A fifth of British entrepreneurs expect to leave the country in the next 12 months as confidence in the government sinks to a new low. Fresh data from the Entrepreneurs Network has revealed the growing fears of a ‘brain drain’ could be set to escalate with just over one in five founders pencilling in plans [...]
Natwest and Lloyds shares sink as Iran tensions drag FTSE 100 into red

March 19, 2026

The FTSE 100 was treading slightly above the 10,000 mark on Thursday as fears grew that the index could slip underneath the milestone. London’s blue-chip index fell 2.7 per cent by the afternoon to lows of 10,002.30p. It came as shares in a number of the City’s banking giants led the FTSE 100’s downturn this [...]
Oil and gas prices surge after Trump threatens to ‘blow up’ Iran energy site

March 19, 2026

The surging price of oil and gas rocked markets this morning as tensions across the Middle East continued to spike fears of an energy crisis. Brent crude – the international benchmark for oil – hit $113 this morning, one of the highest levels since the conflict broke out three weeks ago. Meanwhile the price of [...]
Bank of England Live: Interest rates held in first unanimous vote in eight years

March 19, 2026

Welcome back to City AM‘s ongoing coverage of the interest rates decision. Interest rates have been held as rate-setters at the Bank of England warned the war in Iran could send prices spiralling as soon as April. In the first totally unanimous vote in eight years, all members of the Monetary Policy Committee voted to [...]

FCA drops probe into scandal-hit Home REIT

Budget 2026: Healey warned betting tax hikes could hit non-league football

Business leaders debate the future of the Capital at the Central London Alliance Summit

By: Samuel Norman

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