On This Day in 1831: America’s first recorded bank heist Opinion It stands as an archetypal heist: a pair of canny, hardened criminals; a simple but daring plan; a dogged law enforcement official and the tantalising mystery of the missing $63,000. The first bank robbery in America recorded in any detail had set the standard for a whole genre, says Eliot Wilson Have you ever wondered [...]
Britain must get competitive or lose a generation of business leaders Opinion Taxation is not an ideological battleground but a matter of national interest. If global rivals such as New York or Singapore offer stronger incentives, it is just inevitable that operations and individuals will follow, says Chris Hayward Restoring economic growth has become the defining challenge of our national life. And against a backdrop of geopolitical [...]
Exclusive: Fintech unicorns lukewarm on Reeves’ stamp duty holiday Markets Two of Britain’s most exciting IPO candidates have told peers that the Treasury’s recent overhaul of stamp duty on shares will not be enough to convince them to list in London, City AM can reveal. Payments giant Zilch and banking software provider Thought Machine both used a recent meeting of industry heavyweights to raise concerns [...]
BNY wealth boss: I had a better chance winning the lottery than sitting where I am today November 27, 2025 The son of a dish washer, Jose Minaya does not take for granted his rise to BNY wealth boss. He takes us through his career in Square Mile and Me.
Will rich New Yorkers flee to London to escape Mayor Mamdani? November 11, 2025 In a rare reversal of the slow march of UK wealth towards the US – from entrepreneurs upping sticks to companies switching listings – New York City’s incoming hard-left mayor looks set to nudge some of the city’s richest towards London. American arrivals into the UK could soon be made up of an unlikely coalition [...]
Top New York investor offers to work with Zohran Mamdani November 5, 2025 One of New York’s most renowned investors struck a conciliatory tone with the city’s newly elected mayor, Zohran Mamdani, having donated over $1m to rival candidates during the campaign. Bill Ackman congratulated the Democratic socialist on his victory in a post on X and said: “Now you have a big responsibility. If I can help [...]
Wall Street banks toast to $130bn revenue in deal making boom October 15, 2025 Wall Street banks raked in bumper profits, comfortably breezing past analyst expectations in the third quarter, driven by the continued strength of trading desks and a sharp revival in deal making. JP Morgan, Goldman Sachs and Citigroup brushed past estimates on Tuesday, with Jamie Dimon’s banking juggernaut collecting $14.4bn (£10.8bn) in profit – a 12 [...]
Square Mile darling Farmer J bags $23m funding to take on New York October 7, 2025 London’s fast-casual darling Farmer J is heading across the pond after securing a $23m (£17.5m) funding round to launch its first New York flagship later this year, City AM can reveal. The investment, led by existing backer Beringea and joined by a new global hospitality investor, will also fuel three additional London openings before year-end, [...]
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]
London fintech eyes IPO as Klarna’s listing puts pressure on the City September 15, 2025 UK card reader firm SumUp is weighing a stock market listing that could value it at up to $15bn (£11.04bn) – a move that could deliver a rare win for the London Stock Exchange, though the firm is also considering New York amid doubts over the City’s appeal. The London-based fintech, which makes card readers [...]