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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Rachel Reeves to unveil next steps for ring-fencing reform at Mansion House

July 13, 2026

Rachel Reeves will outline the next steps of her ring-fencing reforms at Mansion House on Tuesday, City AM can reveal, in what is expected to be one of her last acts in the Treasury. The Chancellor will launch a consultation to seek industry input on the implementation of a package of reforms announced in May, including the [...]
JP Morgan’s Jamie Dimon under fire over whether he lobbied Treasury on Epstein advice

July 13, 2026

The boss of JP Morgan is facing mounting scrutiny from US lawmakers on whether he lobbied the UK government on tax affairs on the advice of convicted sex offender Jeffrey Epstein. Jamie Dimon – who is well-regarded as one of the world’s most influential figures in finance – said under oath in 2023 that he [...]
As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up

July 13, 2026

Welcome back to the City AM liveblog. Markets are returning from the weekend to face another geopolitical shock after Iran confirmed it had closed the Strait of Hormuz once more. The narrow waterway that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea had slowly seen a pick up in traffic [...]
Businesses slam brakes on hiring over Burnham uncertainty

July 13, 2026

The UK’s lofty tax bill and concerns surrounding the direction of an Andy Burnham premiership have led to a subdued jobs market, new research suggests, as employers pause hiring whilst they wait for further clarity on the likely incoming Prime Minister’s tax policies. Available jobs in London slumped five per cent in the second quarter [...]
As it happened: Stocks rises as oil eases but Strait of Hormuz concerns ramp up

July 10, 2026

Welcome back to the City AM liveblog. Markets are set to make a loss for the week after the conflict in the Middle East returned to full-blown military action this week. The FTSE 100 has shed over one per cent and is on course to close in the red for the week, even after breaking [...]
Rachel Reeves’ legacy of tinkering with the City is not enough, says Mel Stride

July 9, 2026

Sir Mel Stride has branded Rachel Reeves’ legacy in government as mere “tinkering” with City reform as the top Tory predicted her successor will create a “hostile” environment for the banking sector. In an interview with City AM, the shadow Chancellor branded Reeves’ two-years in the Treasury as “managerial incrementalism,” adding it was “not enough”. [...]
As it happened: Stocks fall as oil creeps up; Trump to ‘finish job’ in Iran

July 9, 2026

Welcome back to the City AM liveblog. The escalation of the conflict in the Middle East has wiped out the recovery across global markets that had slowly took place over the last few weeks. The US and Iran exchanged further fire overnight, with America’s central command stating it had hit around 90 Iranian targets in [...]
Motor finance war of words heats up as City watchdog blasts law firm’s motives

July 8, 2026

A blistering war of words has broken out between the City watchdog and the firms leading the consumer legal challenge to its £9bn motor finance scheme. The Financial Conduct Authority (FCA) has urged the Upper Tribunal to throw out the case entirely as it slammed Courmacs Legal and its client Consumer Voice, for a serious [...]
UK borrowing costs surge as Trump declares Iran ceasefire over

July 8, 2026

UK borrowing costs surged and the price of oil leapt to a two week-high on Wednesday after Donald Trump suggested his already-fragile ceasefire deal with Iran was over. The yield on ten-year gilts – the primary benchmark for how much it costs the government to borrow – stormed 11 basis points higher to 4.96 per [...]
Virgin Media slapped with £28m fine for stopping customers cancelling deals

July 8, 2026

Virgin Media has been slapped with the media watchdog’s largest ever fine for direct harm to consumers after it was found to have mishandled millions of calls with users looking to switch away to a better deal The telecoms giant has been hit with a £28m fine after it was found to have put customers [...]

Healey scraps ‘unfair’ standing charges from gas bills

West Ham’s London Stadium eyes capacity increase to take fight to Wembley

Autumn Budget 2026: In defence of cheaper gherkins, nature’s Ozempic

By: Samuel Norman

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