Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs February 21, 2024 Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.
‘Debanking’ driven more by cost and reputation than tackling financial crime, MPs find February 21, 2024 A group of MPs has accused banks of closing customers' accounts mainly due to cost and reputation, rather than clamping down on financial crime, amid a gulf between "debanking" and anti-fraud enforcement.
Regulator launches investigation into baby formula market February 20, 2024 The CMA investigation, which was launched today, came off the back of a November study which found manufacturers raised prices by 25 per cent over two years, increasing profit margins during the cost-of-living crisis.
The Notebook: LSEG’s data business success calls LSE into focus February 20, 2024 Where the City’s movers and shakers have their say. Today, it’s City A.M.’s own editor Andy Silvester with the pen.
Hunt must ‘roll out the red carpet’ for firms looking to IPO, City group warns February 19, 2024 The government needs to “roll out the red carpet” for companies mulling an IPO to solve the listings drought, a top City body has warned.
What can the Premier League learn from NFL and the Super Bowl? February 17, 2024 Richard Davies, Partner at Charles Russell Speechlys, on the lessons the Premier League can learn from the Super Bowl. Few events rival the commercial juggernaut that is the Super Bowl. Year after year, this American spectacle captivates audiences worldwide, boasting unparalleled viewership and revenue. While the Premier League stands as a commercial powerhouse in its [...]
Challenger banks pip high street rivals again as Monzo tops league table February 15, 2024 The UK's digital challenger banks have once again outperformed their high street rivals in a league table on customer satisfaction from the competition watchdog.
UK should resist ‘over-regulating AI’: Founder of British tech start-up hailed by Sunak as ‘revolutionary’ February 12, 2024 The founder of a fast growing British tech startup, RobinAI, has said he believes the UK should resist over-regulating AI.
Competition watchdogs kicks off inquiry into Aviva acquisition of AIG Life February 8, 2024 The Competition and Market Authority (CMA) has launched a merger inquiry into the acquisition of AIG Life by Aviva. It was announced last September that Aviva was acquiring the US giant protection business from its subsidiary Corebridge Financial for a quoted price of £460m. The business Aviva is buying provides has 1.3m individual protection customers [...]
High-flying lawyers and comms whizzkids: Meet the City types running for Parliament February 6, 2024 Meet the City workers packing it in for a run at election in this year's general election - and they're not all Tories