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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The Square Mile gets its fourth City Minister – could it soon get its fifth?

May 20, 2026

Four City minsters later, in this week’s column Samuel Norman takes a look at the blow to the Square Mile from the latest reshuffle. Also on the agenda: Revolut’s plans for the high net worth faces off with ambitions of incumbents. “Look for the girl with the sun in her eyes…” So goes the lyrics [...]
Deutsche Bank hit with six-figure fine in UK for breaching Russia sanctions

May 19, 2026

Deutsche Bank has been slapped with a six-figure fine by the Treasury’s financial sanctions body for processing payments that breached sanctions on Russia. The German multinational investment bank has been handed a £160,000 fine after it was found to have authorised two payments linked to a sanctioned Russian firm between the periods of June and [...]
UK finance workers weigh quitting over back-to-office mandates

May 19, 2026

Financial services workers are weighing quitting their roles if their companies mandate office attendance amid a deepening feud between managers and employees. Nearly six in ten employees in the finance sector said requirements around their office presence is making them more likely to leave their role, according to new research from City recruiter Morgan McKinley. [...]
Monzo’s profit rockets as customer base grows by a quarter

May 19, 2026

UK fintech darling Monzo posted a mammoth profit jump in the last financial year as its customer base swelled. The neobank’s pre-tax profit came in at £87.3m, 44 per cent higher than the £60m scored in 2024. The increase came as revenue stormed 40 per cent higher to £1.7bn. Monzo’s total users ballooned 25 per [...]
As it happened: Choppy finish for FTSE 100 as global markets rocked by AI sell-off

May 19, 2026

Welcome back to the City AM liveblog. Businesses have raised the alarm over falling vacancies as new data showed a further weakening in the jobs market. Vacancies remained at a five-year low in April 2026, with a leading industry group saying recruiters were “pausing” plans to hire workers. The British Chambers of Commerce’s head of [...]
Jamie Dimon’s iron grip on JP Morgan threatens investor rebellion

May 18, 2026

Jamie Dimon’s iron grip on JP Morgan comes under the microscope at the Wall Street giant’s annual general meeting on Tuesday as the banking exec looks to fend off an investor rebellion. The world’s most influential banker is facing an activist offensive that targets splitting up the chief executive and chair role – two positions [...]
Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds

May 18, 2026

Rachel Reeves has handed a major boost to the likes of Natwest and Lloyds with an overhaul of the ring-fencing regime in hopes to free up capital to be invested into the UK. The Treasury has unveiled a shakeup of the 15-year-old legislation, which requires major banks to separate their retail banking operations from their [...]
Emergency lifeline for collapsed banks doubled to £3bn

May 18, 2026

The emergency credit fund that serves as a lifeline for collapsed lenders has been doubled as a result of “recent regulatory and operational developments”. The Financial Services Compensation Scheme (FSCS) – working in tandem with the Treasury and Bank of England – has hiked its revolving credit facility capacity to £3bn from £1.45bn previously. The [...]
Andrew Bailey steers push for Anthropic to meet global watchdog over Mythos

May 18, 2026

The global financial watchdog is set to discuss the capabilities of the Mythos tool with Anthropic following a push from Bank of England governor Andrew Bailey. The Financial Stability Board, which brings together finance bigwigs from across the G20 nations, will be briefed on the vulnerabilities in the global financial system identified by Mythos. It [...]
As it happened: IMF lifts UK GDP and stocks reverse losses as bonds warned of ‘correction’

May 18, 2026

Welcome back to the City AM liveblog. The bond market is taking a breathe after mountains of pressure on Friday. The UK’s borrowing costs hit their highest since 2008, charging to 5.17 per cent during one part of the day’s trading session. This was topped once more on Monday morning, but since then yields have [...]

The road to growth: Why motorway services are key to EV revolution

Pep Guardiola to stay on CFG payroll after quitting Manchester City

Jinkx Monsoon’s Judy Garland musical proves drag is serious art

By: Samuel Norman

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