The Monzo effect: Challenger banks make life increasingly difficult for traditional high street rivals February 9, 2022 Challenger banks are outperforming traditional and established financial institutions more and more, with a growing number of Brits taking up accounts with Starling, Monzo or Triodos. According to new data shared with City A.M. this morning, the digital-only banks beat traditional institutions when it comes to customer service and mobile apps. Consumer group Which! asked [...]
City access to the Chancellor: 80 per cent of Rishi Sunak’s meetings are with banks and financial services firms February 8, 2022 As the government is looking to ease rules and regulations for the City of London, it has been revealed that Chancellor Rishi Sunak met with dozens of financial firms, banks, consultancy firms, hedge funds and lobby groups in recent months. According to new analysis, published by the Independent, around 80 per cent of all businesses [...]
Explainer-in-brief: Gloria Gaynor and the other new aides of No10 February 8, 2022 After a slew of aides at No10 quit last week amongst the turmoil of the Sue Gray report, Downing Street has spun the resignations as Boris Johnson “taking charge” of staffing problems. Steve Barclay will take the vacant role of chief of staff. He’s an old ally of Rishi Sunak and looks ready to steady [...]
London markets climb as airlines take off February 7, 2022 London markets posted a strong start to the week yesterday, led higher by airlines taking off. The capital’s premier FTSE 100 index closed 0.76 per cent higher at 7,573.47 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.39 per cent to reach 21,797.29 points. [...]
Losses deepen for London-listed Bitcoin miner Argo Blockchain February 7, 2022 Losses have deepened for London-listed bitcoin mining company Argo Blockchain following legal woes and a dip in the price of Bitcoin.
Live to fight another day: Crucial week for Boris Johnson with new team on a mission to kill off backbenchers’ final concerns February 7, 2022 Boris Johnson is heading into a new week hoping changes to his top Downing Street team will ease the concerns of backbenchers who were wavering about his future. The Prime Minister made key changes over the weekend, appointing Chancellor of the Duchy of Lancaster Steve Barclay as his new chief of staff and journalist and [...]
Exclusive: Insight pumps £100m into ThinCats to spur SME recovery February 7, 2022 Asset Management firm Insight Investment will pump £100m into a partnership with business lender ThinCats to spur the economic recovery of small and medium sized businesses (SMEs) across the UK.
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
Crypto AM Valentine’s Keynote, Panel & Networking Soirée February 3, 2022 As our social lives begin returning to normal, Crypto A.M. invites you to our first networking event of the year on Thursday 17 February. We’ll be throwing open the doors of The Lowback at Hawksmoor Wood Wharf for the Valentine’s Keynote, Networking & Soiree at 5.30pm Joining us will be a host of excellent keynote [...]