About Sebastian McCarthy

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

2019 Articles

Hong Kong's local elections in spotlight after months of protests
Hong Kong's local elections in spotlight after months of protests
Hong Kong is bracing itself for a fresh weekend of tension as voters in the city head to the polls [...]
November 22, 2019
Northern Ireland man arrested in Essex lorry deaths probe
Northern Ireland man arrested in Essex lorry deaths probe
A Northern Irish man has been arrested by police in connection with the deaths of 39 Vietnamese nationals who were [...]
November 22, 2019
TSB says hours-long payments glitch is now resolved
TSB says hours-long payments glitch is now resolved
TSB has said a fresh technical issue over delays of payments into accounts has been resolved following hours of uncertainty. [...]
November 22, 2019
Nationwide profit plunges 33 per cent
Nationwide profit plunges 33 per cent
Nationwide has posted a sharp fall in half-year profit following a final blow from payment protection insurance (PPI) charges and [...]
November 22, 2019
Banking on the fees: Deal disappointments top off downward year for payouts
Banking on the fees: Deal disappointments top off downward year for payouts
Bankers have been left with a sour taste in their mouths after two of the year’s blockbuster listings look set [...]
November 21, 2019
Outlook for German banks downgraded to negative by Moody's
Outlook for German banks downgraded to negative by Moody's
Germany’s banking outlook has been slashed by credit ratings agency Moody’s amid concerns over the current low interest rate environment. [...]
November 21, 2019
Google vows to curb political ad targeting
Google vows to curb political ad targeting
Google has vowed to ban advertisements which target people based on their political leanings, as the debate over digital ads [...]
November 21, 2019
British Gas owner Centrica sheds 107,000 customers but shares rise as it sticks to guidance
British Gas owner Centrica sheds 107,000 customers but shares rise as it sticks to guidance
Centrica has shed a further 107,000 household accounts in the last four months, but the British Gas owner said it [...]
November 21, 2019
Sir Philip Green's Arcadia confirms new chairman
Sir Philip Green's Arcadia confirms new chairman
Sir Philip Green’s fashion group Arcadia confirmed this morning that it has appointed the former boss of the De Vere [...]
November 21, 2019
Naked Wines boss heads for the exit
Naked Wines boss heads for the exit
Naked Wines surprised the City this morning after revealing the departure of its boss ahead of a major strategic shift [...]
November 21, 2019
More than one in three City workers moved jobs last year amid frustration over career progression
More than one in three City workers moved jobs last year amid frustration over career progression
The scale of churn in the City has been brought to light today, with new data showing almost 40 per [...]
November 21, 2019
Risky business: UBS warns that tax on billionaires will kill off risk appetite
Risky business: UBS warns that tax on billionaires will kill off risk appetite
Billionaires will stop taking risks and sit on their money if they face blockbuster wealth taxes being proposed by left-wing [...]
November 20, 2019
Swedbank rocked by ‘bombshell’ report on probe over possible US sanction violations
Swedbank rocked by ‘bombshell’ report on probe over possible US sanction violations
Swedbank has been rocked this morning by reports that the group is under investigation for possibly breaching US sanctions. Swedish [...]
November 20, 2019
All Bar One owner Mitchells & Butlers cheers rise in profit amid food and drink demand
All Bar One owner Mitchells & Butlers cheers rise in profit amid food and drink demand
All Bar One owner Mitchells & Butlers has toasted a rise in full-year profit as rising appetite for its food [...]
November 20, 2019