UK Credit Card Payment Rates Drop and Card Balances Rise as Summer Spending Puts Pressure on Consumers August 24, 2026 FICO UK Credit Card Market Report for June 2026 identifies the need for increased vigilance on late payments by risk teams
Zanders Expands DACH Region with New Office in Vienna, Austria August 24, 2026 Zanders, the global treasury, risk, and technology consultancy, today announced a significant expansion of its DACH region with the opening of a new office in Vienna. The move builds on Zanders’ continued growth across Germany, Austria, and Switzerland, and marks another step in the firm’s strategy of deepening its presence in the markets where client [...]
Can debt-ridden Morrisons become a Big Four supermarket again? August 22, 2026 “Nothing but difficult” is how one retail analyst describes the road ahead for Morrisons boss Rami Batiéh. Since taking charge of the grocer in November 2023, the chief executive has faced an uphill battle, as the group – once a firm member of the UK’s ‘big four’ – is outpaced by its rivals. Batiéh, whose [...]
Nationwide warns returns from corporate AI are still hard to measure August 21, 2026 Nationwide has warned that the financial returns from workplace AI remain difficult to quantify, even as the building society rolls out the technology to around 16,000 staff. Around 1,000 employees across the combined Nationwide and Virgin Money finance team now have premium Microsoft 365 Copilot licences, while some 2,500 engineers are using Github Copilot. Paul [...]
Citi Appointed as Depositary Bank for Agilyx ASA’s ADR Program August 21, 2026 Citi Issuer Services, acting through Citibank N.A., has been appointed by Agilyx ASA (“Agilyx”), as Depositary Bank for its sponsored Level 1 American Depositary Receipt (“ADR”) program. Agilyx’s ADRs trade on the over the counter (OTC) Market under the symbol “AGYXY”. Each ADS represents 10 ordinary shares of the company. Agilyx’s underlying ordinary shares are [...]
Mark Kleinman: Frasers’ touchiness shows importance of Harvey Nicks swoop for Ashley August 21, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. Touched a raw nerve? Michael Murray, the chief executive of Frasers Group, was forthright in comments to City AM last month when it was put to him that some luxury brands had expressed concerns about Harvey Nichols [...]
KBRA Assigns Preliminary Ratings to Sona Aclai CLO I DAC August 20, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of Notes issued by Sona Aclai CLO I DAC, a multicurrency European cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of both broadly syndicated loans (BSLs) and private credit middle market (MM) loans. Sona Aclai CLO I DAC is managed by Sona Asset [...]
Beyond your 9-5: things to explore in the Square Mile August 20, 2026 For most, the City of London is defined by the rhythm of the working week. Offices fill from Monday to Friday, and the streets fall quiet at the weekend. But since the pandemic that pace has changed, and incredibly the Square Mile offers so much beyond the traditional 9-5. A weekend in the City of [...]
Budget supermarket Iceland’s sneaky jab at Big Four management consultants August 20, 2026 Supermarket chain Iceland has shared a subtle dig at management consultants on its website. There is a tongue and cheek reference to a £16m spend on external consultancy firms which include Big Four giant PwC, during a turbulent era for the business in the early 2000s. The retailer, known for selling frozen food, published a [...]
Northern Trust Expands Relationship with First Sentier Group to Support Irish Fund Structure August 20, 2026 Northern Trust (Nasdaq: NTRS) today announced it has expanded its relationship with First Sentier Group, having been appointed fund administrator and depositary for First Sentier Group’s Irish fund, the First Sentier Investors Global Umbrella Fund Plc. Northern Trust will provide custody, depositary, fund accounting and transfer agency for the US$14 billion Irish fund structure. The [...]