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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Lloyds boss: Forcing banks to hoard capital is slowing UK growth

December 4, 2025

The boss of Lloyds Banking Group has called on the government to take its deregulation mission further to ramp up economic growth. Charlie Nunn, chief executive of Lloyds Banking Group, welcomed recent regulatory progress, including the Chancellor’s Leeds Reforms package, but added “they are just at the start – there is more to do”. “The [...]
Strap a rocket to UK banks or watch the City drift, shadow chancellor warns

December 4, 2025

Shadow chancellor Mel Stride has called for a tearing down of burdensome City regulation to power up the financial services sector and avoid it losing status. The Tory MP said the pendulum has swung “too far in favour of trying to iron… [and] squeeze risk out of the system”. Stride called for a “bonfire of [...]
FTSE 100 Live: Budget to send borrowing costs soaring; New AIM IPO

December 4, 2025

Good morning and welcome back to the City AM liveblog. Sir Keir Starmer has asked the British public to judge his premiership on the government’s ability to “make people feel better off”. Well, in the capital the Prime Minister shouldn’t be expecting a warm reception from young Brits, who are feeling the pinch of the [...]
Is HSBC’s chair hunt really over?

December 4, 2025

Safe, but surprising – that was the verdict across the City as Britain’s biggest bank unveiled its new chair after a twist-and-turn search. Brendan Nelson will take the post at HSBC, succeeding Sir Mark Tucker, whose exit in September left the bank without a permanent chair for weeks. Except for Nelson. Indeed, the seasoned accountant [...]
Revolut ramps up business offering in Visa tie-up

December 4, 2025

Revolut is set to scale up its offering to UK businesses in a fresh tie-up with payments juggernaut Visa. The fintech’s business to business arm – dubbed Revolut Business – is set to introduce Titan, a premium business card, early next year as it pushes forward in its mission to create the ultimate all-in-one app. [...]
Revolut and LSEG join growing list of OpenAI customers

December 3, 2025

Fintech juggernaut Revolut has joined a host of banking giants in leveraging OpenAI tech to beef up their financial crime protections. The digital bank is one of the latest to partner with the ChatGPT maker as it seeks to enhance its fincrime agent and customer services. The $75bn fintech is also using OpenAI’s large language [...]
Paragon Banking chief eyes acquisitions after capital boost

December 3, 2025

The boss of Paragon Banking Group has acquisitions in mind after the lender received a major tailwind from regulatory reforms this year. Nigel Terrington has said the loosening of banks’ capital requirement rules, known as MREL (minimum requirement for own funds and eligible liabilities), will open up further growth prospects for mid-cap lenders. The boss [...]
FCA chief ducks committing to investigating Treasury briefings

December 3, 2025

The boss of the City watchdog appeared to skirt committing to investigating Treasury briefings when pressed on the Labour government’s “possible market abuse” on Wednesday morning. Nikhil Rathi, chief executive of the Financial Conduct Authority, has been lobbied by the Conservatives and other opponents to the Labour government to look into the rogue briefings on [...]
HSBC taps KPMG veteran Brendan Nelson to chair banking giant

December 3, 2025

Europe’s biggest lender, HSBC, has named a new chair following its tumultuous recruitment programme after the departure of Sir Mark Tucker. HSBC tapped KPMG veteran Brendan Nelson, who has also served on the boards of BP and Royal Bank of Scotland, as its new chair. Nelson joined the banking giant’s board in 2023 and has served [...]
City watchdog to lift motor finance complaints pause earlier than expected

December 3, 2025

The City watchdog has lifted the cap on motor finance complaints following the landmark ruling from the Supreme Court over the summer. The Financial Conduct Authority said it would ditch the pause on complaints from 31 May 2026 – two months ahead of plan. In a letter sent to banking bosses, the FCA has also [...]

Healey to unveil billions in defence spending as Tories demand he resign

Fashion in Formula 1: How the paddock became global catwalk

Ian McKellen flirts with Ncuti Gatwa in delightful Frank and Percy film – review

By: Samuel Norman

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