By: Samuel Norman

City Reporter Samuel is a City Reporter for City AM covering banking, fintech and more across the City. He is a gold-standard NCTJ qualified journalist who's previously worked at the Daily Mail and Sky News. He can be contacted at samuel.norman@cityam.com and posts at x.com/samnormanwrites.

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Revolut looks to France for major European expansion

May 19, 2025

British-born digital bank Revolut has chosen Paris for its fresh Western Europe headquarters with a major €1bn investment. The fintech giant said it will create over 200 jobs in France, in what it calls the “largest investment in the French financial sector in a decade.” The firm has also applied for a French banking licence, [...]
Natwest and Lloyds to cash in as Reeves hints at ring-fencing reform

May 19, 2025

Rachel Reeves has told top bank bosses she is “open-minded” to ditch the ring-fencing regime imposed on major banks. The Chancellor was lobbied by the chiefs of HSBC, Lloyds, Natwest and Santander to scrap the 15-year-old legislation last month. Lenders slammed the system – which requires firms to keep their retail bank operations separate from [...]
iForex confirms London listing plans and adds City veteran to board

May 19, 2025

Fintech trading platform iForex confirmed its plans for a London-lisiting on Monday morning in a major boost to the embattled market. The fintech said following an initial public offering (IPO) its shares will be traded on the main market of the London Stock Exchange. Its admission is expected in late June 2025. The firm – [...]
Cricketing star Ben Stokes takes stake in alcohol-free Cleanco

May 18, 2025

Cricketing star Ben Stokes OBE has taken a stake in reality tv star Spencer Matthews’ alcohol-free spirits brand Cleanco. Stokes partnership with the firm comes as part of a $5m fundraising round for the brand as it hopes for its first year of cash-flow positivty. Cleanco is also gearing up for global expansion with ambitions [...]
Centrica: Major gas facility to shut without government help

May 18, 2025

The boss of Centrica – which owns British Gas – has warned the UK’s largest natural gas storage facility will be “decommissioned” unless the government steps in. Speaking on BBC Sunday with Laura Kuenssberg, company boss Chris O’Shea called for the government to underwrite the business’ investments in the Rough facility near the East Yorkshire [...]
Reeves’ tax hikes are ‘death blow to London,’ Britain’s richest warn

May 18, 2025

Chancellor Rachel Reeves is under renewed pressure as Britain’s top business leaders and entrepreneurs blasted her economic agenda following The Sunday Times Rich List revealing a record drop in the country’s number of billionaires. Reeves’ crack down on “non-dom” status has accelerated an exodus of leading business bosses fleeing the UK to avoid the Chancellor’s [...]
Natwest and Lloyds to rake in millions from a ring-fencing shakeup

May 16, 2025

Natwest and Lloyds are set for a major cash bump if Chancellor Rachel Reeves rips up the ring-fencing regime imposed on lenders, fresh data shows. FTSE 100 banking giants have lobbied the Chancellor to axe the system, which they described as a “drag on banks”. The bosses of HSBC, Lloyds, Natwest and Santander slammed the [...]
Natwest: Government set to sell stake in FTSE 100 giant by June

May 16, 2025

The UK government is on track to sell its remaining stake in FTSE 100 lender Natwest as soon as next month after it accelerated the sell-down of its holdings. The Treasury’s share of the FTSE 100 lender is one of British banking’s longest-running sagas, dating back to the 2008 financial crisis. Natwest, then under the [...]
Sofas and season tickets: Inside the world of retail finance

May 16, 2025

Retailing financing is on the up and as big banks steer away from the market, specialist lenders are cashing in. Fresh research from the finance and leasing association (FLA) showed consumer finance grew by 13 per cent in March 2025, compared to the year prior. The first quarter of 2025 saw a six per cent [...]
Analysts say ‘Buy’ Vanquis shares after payday loan turnaround

May 15, 2025

Vanquis shares could finally be about to turn a corner, according to one group of City analysts. The shares peaked at more than 2,600p in 2015, and have since fallen by more than 96 per cent as Vanquis has endured soaring complaints and regulatory backlash thanks to its sub-prime lending and payday loan market exposure. [...]

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By: Samuel Norman

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