Braddick sets out her vision for banking watchdog with £2bn overhaul Banking Katharine Braddick has kicked off her revamp of the UK banking’s watchdog with a regulatory overhaul aiming to generate £2bn in savings for City firms. The Prudential Regulation Authority chief, who took the reins in July, told a City audience on Thursday evening the watchdog would focus on four key priorities of resilience, growth, innovation [...]
As it happened: FTSE 100 falls but Nasdaq soars after Nvidia sales boom FTSE 100 Live Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip index suffered heavy losses on Thursday, as murky US inflation data overshadowed Nvidia’s sales triumph. While headline inflation fell back, the Fed’s preferred measure – the Personal Consumption Expenditures Price Index (PCE) – is still running hot at 3.7 per cent. Investors [...]
Exclusive: City giants tighten trans policies Business City firms are being forced to tighten up inclusion policies and prevent transgender staff from using single-sex bathrooms, after the equalities watchdog published fresh directions on enforcing the seismic Supreme Court ruling on gender last year. Square Mile giants including Admiral, Coventry Building Society and Santander have all updated their HR procedures to bar trans [...]
FTSE 100 Live: Stocks drop as oil holds firm over $110; UK growth slashed April 29, 2026 Good morning and welcome back to the City AM liveblog. Oil prices are holding firm tipping over the $110 mark, bringing the cost of a barrel closer to the highs of $118 it peaked at earlier in the Iran war. Brent crude – the international benchmark for oil – advanced another one per cent on [...]
Bank of London: Peter Mandelson-backed fintech sees losses widen April 27, 2026 The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
Meet Reeves’ outsider tasked with steering the City to growth March 3, 2026 The City has rolled out the red carpet for the banking watchdog’s new chief after Katharine Braddick, a seasoned veteran of the financial trenches, was named on Friday as the successor to Sam Woods. For a cool £314,000 a year, she’s set to take on the brief of steering the UK’s banking sector. Chancellor Rachel [...]
Douglas Flint received package from Epstein while at HSBC, files show February 6, 2026 The incoming chair of Prudential received a mystery package from Jeffrey Epstein while he was finance director of HSBC, the recent release of Epstein files shows. Douglas Flint, who had a decades-long career at Europe’s largest bank, culminating as its chairman from 2010-2018, received the parcel in the early 2000s according to records released by [...]
Prudential names HSBC veteran Douglas Flint as new chair January 14, 2026 Prudential has tapped the former chairman of banking juggernaut HSBC Douglas Flint as its new chair. The London-listed financial services giant said on Tuesday Flint would succeed retiring Shriti Vadera, who has been in the post since January 2021. Flint served as HSBC’s chair from 2010 to 2017, following a stint as group finance director [...]
Prudential: FTSE 100 insurer pledges $5bn in shareholder returns August 27, 2025 FTSE 100 insurer Prudential said it had reached its “inflection point” on Wednesday after growing profit and kicking off a hefty program of returns of investors. The firm recorded a six per cent increase in adjusted operating profit before tax to $1.6bn (£1.2bn). Life weighted premium income, which indicates the volume of new business, increased [...]
Prudential: FTSE 100 insurer smashes profit expectations March 20, 2025 FTSE 100 insurer Prudential beat profit expectations amid news it is considering spinning off its Indian asset management business. The firm reported adjusted operating profit before tax of $3.1bn (£2.4bn), up 10 per cent and above analyst expectations of $3bn, it revealed in its full-year results. As expected by analysts, Prudential also increased its dividend [...]