About Sebastian McCarthy

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

2019 Articles

World's wealthiest investors forecast a turbulent 2020
World's wealthiest investors forecast a turbulent 2020
The world’s super rich are bracing themselves for a rocky year ahead, with many high net worth investors holding cash [...]
November 12, 2019
Revolut hopes to win round cynics with heavyweight hires
Revolut hopes to win round cynics with heavyweight hires
Fast-growing fintech firm Revolut will confirm today the worst kept secret in the City; Martin Gilbert, the asset management titan, [...]
November 12, 2019
JP Morgan CEO Jamie Dimon says wealth gap is 'huge problem'
JP Morgan CEO Jamie Dimon says wealth gap is 'huge problem'
JP Morgan boss Jamie Dimon has admitted there is a “huge problem” with the wealth gap in the US, wading [...]
November 11, 2019
Walgreens Boots Alliance shares rise on reports of KKR buyout interest
Walgreens Boots Alliance shares rise on reports of KKR buyout interest
Shares in Walgreens Boots Alliance jumped in early trading today amid reports that KKR has approached the drugstore giant about [...]
November 11, 2019
Credit Suisse promotes veteran to boost ailing investment banking unit
Credit Suisse promotes veteran to boost ailing investment banking unit
Credit Suisse is hoping to give its embattled investment banking arm a new lease of life after appointing a company [...]
November 11, 2019
Hong Kong regulators fine UBS £40m for a decade of overcharging
Hong Kong regulators fine UBS £40m for a decade of overcharging
UBS has been slapped with a HK$400m (£40m) fine from Hong Kong regulators for overcharging thousands of clients. The Hong [...]
November 11, 2019
Retailers are hoping for a Christmas miracle
Retailers are hoping for a Christmas miracle
The crucial Christmas trading season was once relished by high street bosses hoping to fatten their profits before the New [...]
November 11, 2019
Lidl ramps up expansion plan with 230 new stores
Lidl ramps up expansion plan with 230 new stores
Lidl’s expansion spree is set to accelerate, with the German discounter planning 230 extra store openings. The new store plan, [...]
November 10, 2019
Authorities raid Greek banks in collusion probe
Authorities raid Greek banks in collusion probe
Greece’s biggest banks have been raided by authorities, the country’s watchdog said today. The head offices of National Bank, Eurobank, [...]
November 8, 2019
General Election 2019: Boris Johnson and Jeremy Corbyn to go face-to-face in BBC debate
General Election 2019: Boris Johnson and Jeremy Corbyn to go face-to-face in BBC debate
The BBC is set to host a live debate between Boris Johnson and Jeremy Corbyn. The party leaders will go [...]
November 8, 2019
RBS launches 'social bond' for deprived areas
RBS launches 'social bond' for deprived areas
The Royal Bank of Scotland (RBS) has launched a “social bond” aimed at boosting lending within deprived areas of the [...]
November 8, 2019
Billionaire boom slows down as uncertainty hits the super-wealthy
Billionaire boom slows down as uncertainty hits the super-wealthy
The billionaire boom has grounded to a halt, as a year of political upheaval took its toll on the world’s [...]
November 8, 2019
Standard Chartered slashes CEO and CFO pay in wake of revolt
Standard Chartered slashes CEO and CFO pay in wake of revolt
Standard Chartered said today that it has slashed the pension payouts to its two top bosses, bowing to shareholder demands [...]
November 8, 2019
Hiring remains subdued amid uncertainty
Hiring remains subdued amid uncertainty
Hiring activity remained subdued last month as employers held tight amid the current Brexit uncertainty, according to a new report. [...]
November 8, 2019