By: Samuel Norman

Senior City Reporter Samuel is a Senior City Reporter covering banking and fintech as well as stories on capital markets and economics. He also leads on City AM's morning liveblog from 7am everyday. He has previously written for the Daily Mail and The i Paper and worked for Sky News as an election stringer. He enjoys writing in-depth analysis of major blue-chip firms and start-ups and also industry trends. He can be contacted at samuel.norman@cityam.com and posts on LinkedIn and X at x.com/samnormanwrites.

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Reeves mulls taxpayer-funded subsidy to cut manufacturers’ energy costs

June 8, 2025

Rachel Reeves is looking at plans for a £1bn taxpayer-funded annual subsidy to bring down the energy costs for manufacturers after warnings the UK faced “rapid deindustrialisation” without intervention. The Chancellor is facing mounting pressure to lower energy costs for industry with fears high prices are holding back investment opportunities and stifling the country’s competitiveness. [...]
A Wise storm has rocked the London Stock Exchange’s fintech dream

June 6, 2025

Hopes of a fintech-powered City markets revival may have been crushed on Thursday after money transfer firm Wise ditched its primary listing. The embattled London Stock Exchange was dealt its latest blow as the UK fintech opted for a dual listing across the Atlantic but with the US acting as its primary base. It’s no [...]
Has Klarna’s buy now, pay later bubble burst?

June 6, 2025

Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
FCA: Motor finance redress scheme must keep market afloat

June 5, 2025

The Financial Conduct Authority has pledged any redress scheme it may implement on the motor finance industry must keep the market afloat. The watchdog said ensuring the integrity of the motor finance market, so it works well for future consumers, would be crucial framework for a redress scheme. The Supreme Court is expected to give [...]
UK fintech Wise ditches London primary listing for US

June 5, 2025

Money transfer firm Wise dealt a crushing blow to the London Stock Exchange on Thursday, after announcing plans to transfer its primary listing to the US. The UK fintech’s new proposals include a dual listing in the UK and US, but with the latter as a primary base. Wise said transferring its main listing would [...]
Monzo boss: Our tech will help us beat the big banks

June 4, 2025

The boss of Monzo said the fintech darling is ready to take the fight to traditional lenders and “bets every day of the week” on its chances. Speaking at the Money 20/20 conference in Amsterdam, TS Anil said the next decade of banking would present “a race between two sides of the industry.” Anil said [...]
Ramsdens strikes gold after price jump boosts profit to record high

June 4, 2025

Pawnbroker Ramsdens enjoyed a bumper six months as its profit soared on the back of record high gold prices. Ramsdens’ pre-tax profit jumped 54 per cent to an all-time high of £6.1m. This was up from £4m in the first half of 2024. The firm said its purchase of precious metals segment performed “very strongly” [...]
Paragon Bank: Stamp duty boost offsets motor finance provision

June 4, 2025

Specialist lender Paragon Banking Group bolstered its profit in the first half of the financial year as increased lending managed to offshore a motor finance provision. The FTSE 250 bank’s pre-tax profit surged 26.7 per cent to £149.4m, up from £146.4 in the first half of 2024. This was driven by 4.9 per cent expansion [...]
Klarna and Zilch shrug off buy now, pay later crackdown with card launch

June 3, 2025

Klarna and Zilch have shrugged off a government crackdown on by buy now pay later payments after launching landmark partnerships with payments giant Visa to introduce physical cards. Commerce network Klarna has begun piloting “Klarna Card” which aims to offer consumers greater spending flexibility without the pitfalls of traditional credit cards. The card will use [...]
Mastercard: Fraud attempts jump as retailers feel cyber attack sting

June 3, 2025

The head of artificial intelligence at Mastercard said the payment giant had seen a surge in fraud attempts, which follows a string of cyber attacks on major retailers. Greg Ulrich, chief data and AI officer at Mastercard, told City AM the payments network is “attacked perpetually” by fraudsters. The payments network recorded a 40 per [...]

Cambridge grads launch trading exchange to take on established industry

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The 11 best pies in London to eat during British Pie Week

By: Samuel Norman

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