Direct Line shares soar despite losses after £520m commercial insurance sale September 7, 2023 Direct Line continued to feel the pain of cost inflation, with new boss Adam Winslow faced with a miserable balance sheet
City could inject £225bn into the economy after regulation refresh, top firms claim September 7, 2023 The City could inject an extra £225bn into the economy if regulators strip back red tape around financial services and unleash a wave of pension capital into the economy, a group of top firms have claimed.
‘How hard can it be?’ Metro Bank founder Anthony Thomson on the retail banking revolution September 7, 2023 Metro Bank and Atom founder Anthony Thomson talks to City A.M. about the retail banking revolution and why he won’t be stopping anytime soon.
CAMSA-23 September 6, 2023 To submit an ENTRY to the AWARDS, send your nomination as a video of no more than five minutes to camsa23@cityam.com using WeTransfer.com/ Scroll down for awards categories and judges panel… The Crypto AM Awards Judges 2022 Dr Jane Thomason Summit Director Dr Jane is the Emeritus Chair of the World Metaverse Council, and on [...]
Global watchdog warns over ‘very high leverage’ in hedge funds September 6, 2023 Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities among "non-banks".
Fraud ‘increasing national security threat’ thanks to AI, Lord Mayor warns September 5, 2023 Fraud is increasingly a threat to “national security” as advances in artificial intelligence serve to boost the chances of scammers, the Lord Mayor has warned. Nicholas Lyons, Lord mayor of the City of London, told the International Symposium on Economic Crime in Cambridge that addressing economic crime “must be seen as a foundation for a [...]
N Brown: Online retailers will ‘kick on’ again in new year following cost of living lull September 5, 2023 N Brown chief executive Steve Johnson said he expects online retailers to “kick on” again in the new year, following a lull period driven partly by customers returning to physical stores in order to shop around amid the cost of living crisis. Speaking to City A.M., Johnson, who heads up the business behind popular online [...]
Putin the boot in: Kremlin says there will be no new grain deal until West meets demands September 4, 2023 Vladimir Putin has said a deal that allowed Ukraine to export grain safely through the Black Sea will not be restored
FTSE 100 close: London markets slip into red as optimism from China stimulus wears off September 4, 2023 The blue-chip FTSE 100 index fell 0.16 per cent at 7,452.76 while the midcap FTSE 250 index fell 0.1 per cent to trade at 18,524.14.
London Stock Exchange boss Julia Hoggett: We’ll fight for everything September 4, 2023 The London Stock Exchange has had a tough couple of years. The bourse's boss Julia Hoggett reckons she can turn it around.