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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Zilch lands £30m debt facility from US Bank ahead of ‘next phase of growth’

September 22, 2025

Zilch has secured a fresh loan facility in signs the London fintech is opting for debt-fuelled over equity-led expansion. The Victoria-based business has agreed the £30m facility with New York-based US Bank, according to documents filed with Companies House. The agreement marks the largest financing deal the fintech has struck since its £150m debt facility [...]
HSBC: City market’s top firm turns to Asia and Middle East

September 22, 2025

HSBC is setting its sights on Asia and the Middle East for further growth prospects after wielding the axe at parts of its European operations. A top boss at Britain’s most valuable bank – and top FTSE100 company by market cap – said both regions have “an enormous amount of capital” which was a significant [...]
Banking watchdog launches deregulation push as tax fears grow

September 22, 2025

Britain’s banking watchdog has laid out plans to slash regulation across the industry in a bid to sweeten the sector’s operating environment. In fresh proposals hoping to cut the red tape on the sector, the PRA identified 37 “individual reporting templates” which have “overlapping and complex requirements” in a bid to ease the administrative cost [...]
Motor finance: BMW sets aside over £200m for car mis-selling

September 22, 2025

BMW’s UK car finance arm has set aside over £200m to cover a potential hit from the motor finance scandal. The firm joins a batch of British lenders and motor companies, which have been forced to prepare provisions with millions of drivers eligible for compensation. In July, the Supreme Court handed City banks a lukewarm [...]
Natwest and HSBC shares dip as bank tax chatter heats up

September 22, 2025

Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain’s banking giants. Natwest tumbled as much as 1.3 per cent to 506p when markets opened, while HSBC fell 0.6 per cent to 1,022p. Barclays fell nearly 0.2 per cent to 381p. Lloyds was broadly flat [...]
City asked to contribute £120m Rachel Reeves’ stock market push

September 22, 2025

Rachel Reeves’ major advertising push to re-invigorate the London market is expected to cost the City £120m, new documents have revealed. The campaign, which is being led by the Investment Association, was announced as part of Reeves’ Mansion House package where the Chancellor made her pro-business plea to the City. But smaller financial services firms [...]
Foreign takeovers risk turning UK into an ‘incubator economy’

September 15, 2025

The UK is facing a time crunch to avoid becoming an “incubator economy” as foreign takeovers continue to sweep the London market. A collection of top venture capital investors and founders have called for crucial reforms to the markets ecosystem with a focus on pensions and the IPO environment. The reforms, as outlined in a [...]
Two in five financial services firms lack safe AI controls

September 11, 2025

As the financial services industry piles billions of pounds into artificial intelligence (AI), firms are lacking adequate measures to maintain safe usage, according to new figures. Fresh data from Big Four accountancy giant EY reveal 26 per cent of companies have no or limited controls in place to ensure AI systems adhere to laws and [...]
Klarna could trigger a fintech IPO boom but can London benefit?

September 11, 2025

Klarna’s hot debut on the New York Stock Exchange has opened the doors for a flood of fintech listings but analysts are raising concerns whether the London market can enjoy this new stream. The Swedish fintech unicorn’s stock popped 15 per cent from its IPO price of $40. Shares closed at $45.82 after raising $222m. [...]
FTSE 100 Live: Trainline stock soars, BP and Shell edge higher

September 11, 2025

Good morning from the City AM liveblog team. Shares in Shell, BP, Playtech and Trainline were among the biggest risers in the London markets this morning, after the latter two reported earnings that sailed past analyst expectations. The government’s growth ambitions were dealt another hammer blow last night, after US pharma giant Merck pulled the [...]

Tax crackdown in 2026: Why experts predict a wave of enforcement actions

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By: Samuel Norman

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