The Bank of England is right: £25bn in assets isn’t that much for an SME lender July 17, 2025 Mid-tier banks have long faced regulatory hurdles that hinder growth, especially the minimum requirements once a lender’s assets reach £15-£25bn. Thankfully that’s about to change, but that should be just the start of reforms, says Nigel Terrington Each week, my commute to Paragon’s Solihull headquarters takes me past HS2 construction sites, bustling with heavy machinery [...]
Mortgage brokers on chopping block as AI overhaul gains pace July 14, 2025 Mortgage brokers could be the latest roles to be swallowed up by the spread of AI as homebuyers deploy modern tech in the space of cumbersome traditional homebuying services. AI has taken a dominant role for buyers with over a third using the tech to explore their options. Early adopters cited AI as streamlining product [...]
The Capitalist: Inside Tesco Clubcard’s 30th birthday rave July 10, 2025 Tesco opens a Soho nightclub, finance bros battle it out at The Lord Mayor's Cup, and a Lord's warm-up dinner; catch up on the latest gossip.
Fintech leads surge in London finance hiring July 10, 2025 Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]
Housebuilding boost as stamp duty ‘disruptions’ fade July 4, 2025 Housebuilding stopped the construction sector from crumbling as an increase in residential work in June was recorded for the first time in nine months, fresh data has suggested. S&P Global’s purchasing managers’ index (PMI) for construction showed the sector improved slightly from May, with the decline in total business activity at the lowest level since [...]
Consumer spending drives ‘healthy pickup’ for UK businesses July 3, 2025 Consumer and business spending has led to a “healthy pickup” in business activity, fresh research has suggested, despite concerns income had been squeezed by higher taxes and energy bills. The Labour government was recently dealt a blow as the Office for National Statistics (ONS) revealed the UK economy contracted by 0.3 per cent in April, [...]
Shell forced to file amended US filings after EY broke audit rules July 2, 2025 Shell is to file amended regulatory filings after Big Four firm EY told the energy giant it broke audit rules
Cuts, struggles and breakups: How is AI reshaping the consultancy sector? July 2, 2025 Amidst the job cuts at Big Four, crisis mode is rearing at consultancy firms as the industry struggles to keep up with the AI world
Replacing graduates with AI will hurt businesses in the long run July 1, 2025 Replacing graduate roles with AI does not build a smarter business, it builds a shallow one, writes Paul Armstrong.
ChatGPT wipes out entry level jobs June 30, 2025 Vacancies for graduate roles, apprenticeships, internships, and junior positions have decreased by more than 30 per cent since ChatGPT emerged at the end of 2022. The research by Adzuna follows a warning last month from the Chief Executive of artificial intelligence heavyweight Anthropic, Dario Amodei, who said that AI could eliminate up to 50 per cent of [...]