FCA revokes ban on Libor traders after court overturns rate-rigging convictions Banking The financial watchdog has revoked bans it had placed on four City traders convicted of rigging Libor and Euribor interest rates after the Court of Appeal overturned their convictions. The Financial Conduct Authority (FCA) said on Friday it “has reviewed its regulatory action against individuals whose convictions have recently been overturned by the Court of [...]
City finance jobs shrink as Budget fears add to cautious mood Economics Finance jobs in London shrunk in September as employers weighed up the raft of economic pressures and uncertainty around the forthcoming Budget. City vacancies tumbled 30 per cent to 1,200 by the end of the third quarter, compared with 1,719 in July at the start of the three-month window according to recruiter Morgan McKinley. Jobs [...]
Gen Z accountants think AI fluency gives them the edge over managers Accountancy Young accountants are arriving in the sector confident in their AI skills, but a lack of soft skills is emerging as a new workplace divide. According to new findings from financial tech platform Intuit QuickBooks, based on responses from more than 1000 early-career accountants and finance professionals, almost all (90 per cent) said they will [...]
European financial centres lose global standing amid ‘relentless pivot to Asia’ September 16, 2026 European financial centres suffered a decline in global rankings as the continent continued to lose ground to fast-growing Asian cities. Centres across Europe saw their prominence erode, with several key cities tumbling in the latest rankings from Z/Yen’s 40th Global Financial Centres Index (GFCI 40). European cities fell out of top 20, after only four [...]
Are Peugeot’s 208, 2008 and 3008 good enough for the city? September 9, 2026 Peugeot has pushed hard on the 208, 2008 and 3008, with 0% finance across the range until the end of September. But do they actually stack up for driving in and around London? Not every car is suited to London life. Tight streets, scarce parking and low-emission zones all reward something compact, efficient and easy [...]
Five premium electric saloons, judged on more than price September 7, 2026 BMW, Mercedes-Benz, Audi and Porsche all want to sell you a luxury saloon that happens to be electric, but each one goes about it differently. Here’s what actually sets them apart, before we even get to the finance offers. A few years ago, choosing an electric executive car meant accepting you were buying something a [...]
Revealed: Natwest banked company used by MFS founder to ‘siphon off’ funds August 12, 2026 Natwest provided banking services to a company allegedly used by the founder of collapsed property lender MFS to divert investors’ cash and “siphon off” funds, City AM can reveal. The bank held the day-to-day account for Twinwin, a company that was allegedly used by Market Financial Solutions founder Paresh Raja to generate fees from clients’ [...]
St James’s Place suffers £1bn hit to flows as investors look to dodge pension tax July 29, 2026 St James’s Place took a £1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge market volatility and a looming pension tax bill. Net inflows declined from £3.8bn to £2.7bn in the first half of the year, in line with analyst expectations. The group [...]
Hogan Lovells Cadwalader looks to tap transatlantic dealmaking boom following merger July 13, 2026 Global law firm Hogan Lovells Cadwalader is looking to grab more of the private capital market from rivals and tap into a boom in transatlantic dealmaking following the City firm’s merger with the oldest legal practice on Wall Street. UK managing partner Penny Angell told City AM the merger creates “a stronger bench” for the combined companies [...]
Exclusive: Top FTSE executive recruiter goes bust after AI platform launch July 4, 2026 A City-based boutique recruitment consultancy which has won executive-level talent for a host of FTSE firms has plunged into insolvency after pumping investment into an AI platform, City AM can reveal. Savannah Group, which has recruited directors and executives for the likes of Starbucks, hospitality giant Fullers, Burger King, Aston Martin, and global cruise titan [...]