Lloyd’s set to resist pleas for direct compensation over slavery role October 11, 2023 Lloyd's of London is resisting calls to make direct financial reparations over its role in the slave trade.
Lord Mayor: Financial education should be statutory in primary schools October 10, 2023 The Lord Mayor of the City of London has led a group calling for financial education to be made statutory in primary schools, in new measures to tackle financial illiteracy in the UK.
Banks to face new stress tests as Bank of England remains on the prowl for financial stability risks October 10, 2023 Regulators at the Bank of England are looking to make certain that the UK financial sector remains resilient to shocks that may arise from the rapid rise in interest rates.
Clydesdale Bank loan misselling case begins in High Court as claimants seek £400m October 9, 2023 A £400m High Court case against Clydesdale Bank kicked off today with claimants alleging that business account customers paid hundreds of millions of pounds in unnecessary interest.
AA profits tumble to £23m despite soaring cost of motor cover October 9, 2023 The AA saw profits halve this morning amid a drop in trading in its breakdown segment, but soaring motor insurance prices helped it weather the storm.
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
Ireland’s finance minister: Bringing Beyonce to Dublin? Insurance reform might do it October 9, 2023 Ireland’s finance minister Jennifer Carroll MacNeill tells City A.M. how her insurance reforms are more exciting than one might suppose.
Bolt rival Freenow adds more perks for cabbies as industry looks to boost image October 9, 2023 Ride hailing app Freenow will launch first-of-its kind perks for black cabbies and taxi drivers using its platform, City A.M. understands.
We need to tackle financial exclusion and give everyone the opportunity to safeguard their future October 9, 2023 With a plan to make credit more accessible and financial education part of the primary school curriculum, the Lord Mayor of the City of London wants everyone to experience economic stability
The City sees the Tories as a ‘bigger risk to business’, says Reynolds October 8, 2023 The Conservative Party is seen by many people in the City “as the bigger risk to the business community”, Labour’s Jonathan Reynolds told City A.M.