About Sebastian McCarthy

Chief City reporter covering banking, insurance, deals and exchanges. Email stories to seb.mccarthy@cityam.com

2019 Articles

Relocations rise ahead of Brexit but London will stay ‘dominant’, report finds
Relocations rise ahead of Brexit but London will stay ‘dominant’, report finds
More than 330 financial firms have relocated parts of their business ahead of Britain’s imminent departure from the EU, a [...]
October 16, 2019
Bank of America trumps estimates despite drop in profits
Bank of America trumps estimates despite drop in profits
Bank of America’s profits slumped almost 20 per cent in the third quarter of this year, but its shares rose [...]
October 16, 2019
Afreximbank IPO: African bank confirms plans to list in London
Afreximbank IPO: African bank confirms plans to list in London
An African trade finance group has confirmed its plans to plough ahead with a listing in London, giving a boost [...]
October 16, 2019
LME to hike fees eight per cent next year
LME to hike fees eight per cent next year
The London Metal Exchange (LME) is set to hike its trading and clearing fees for the first time in five [...]
October 16, 2019
Banks struggle with PPI claims after deadline surge
Banks struggle with PPI claims after deadline surge
Customers who lodged complaints over the mis-selling of payment protection insurance (PPI) may have to wait until next summer for [...]
October 16, 2019
EU orders Broadcom to suspend business deals in competition probe
EU orders Broadcom to suspend business deals in competition probe
Broadcom has been ordered to halt its deals with six major customers amid an investigation into whether the chipmaker abused [...]
October 16, 2019
Takeover titan and Blackstone boss Steve Schwarzman talks charity, business and life advice
Takeover titan and Blackstone boss Steve Schwarzman talks charity, business and life advice
Private equity does not have a reputation for giving away money: on the contrary, it is an industry known for [...]
October 14, 2019
Bank of England deputy governor flags concerns over 'low for long' interest rates
Bank of England deputy governor flags concerns over 'low for long' interest rates
Economic downturns are at risk of becoming more severe as a result of prolonged low interest rates, the deputy governor [...]
October 14, 2019
CFOs prioritise cost-cutting as uncertainty bites
CFOs prioritise cost-cutting as uncertainty bites
Finance chiefs are tightening their belts in an effort to weather the mounting storm of economic uncertainty. More than half [...]
October 14, 2019
Auditors slapped with rising fines after turbulent year
Auditors slapped with rising fines after turbulent year
Britain’s beancounters faced rising fines over the last year, as the industry’s watchdog upped its penalties following a series of [...]
October 14, 2019