Barclays shares rise as booming US credit cards and higher interest rates helps bank beat expectations April 27, 2023 Barclays shares rose after it beat expectations in its first quarter results, as pretax profit rose 16 per cent on a strong performance from its domestic bank and booming US credit card spending. Across the group, Barclays’ pretax profit was £2.6bn, up 16 per cent from last year and comfortably beating company compiled consensus of [...]
Exclusive: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation February 21, 2022 A group of the UK’s leading fintech bosses have called on the Government to ramp up efforts to overhaul regulation and build a world-leading environment for the sector, in a letter seen exclusively by City A.M. Bosses at over 70 of the biggest fintech firms in the UK, including digital banks Monzo and Starling, payments [...]
As more fund managers look to merge, an overly hasty marriage could be a set back April 24, 2023 The proposed acquisition of Swiss fund house GAM by Liontrust comes after a series of major mergers, writes Neil Vernon
Sunak’s switch from tech bro to cynical political player wins Tory support but leaves business worried October 6, 2023 Sunak's choice to abandon a "think big" Sillicon Valley mentality may have curried favour with the electorate, but it concerns business leaders, writes Leon Emirali
Exclusive: Tech chiefs look to win over pension funds on UK ‘sovereign wealth fund’ plans March 6, 2023 Tech and fintech industry chiefs have met with some of the City’s top pension funds as part of plans to create a UK “sovereign wealth fund” that could help unleash a wave of funding into the UK’s tech startups, City A.M. can reveal.
Debate: Should we accelerate towards a cash-free society? December 13, 2023 After our intrepid deputy comment editor Anna Moloney found herself stranded, £20 note in hand, with no where to use it in Central London, it raised a wider conversation: what's the point of cash? Does it have nostalgic value? And are we rushing towards a world without pounds and pennies without thinking about it?
The Notebook: The rules of work are about to change – here’s what managers need to know August 27, 2024 From flexible working to generational clashes, the rules of work have changed. Recruitment expert Doug Rode has the insight on how to manage.
Wellness Wonders: Meet Jo Malone the founder of Jo Loves August 4, 2024 Jo Malone's new venture takes a personal twist on her love for fragrances, with Jo Loves being centred around memories and moments.
FCA: Brits saved almost £1bn after shake-up of overdraft rules according to City regulator April 19, 2023 People have collectively saved nearly £1 billion due to a shake-up of rules around overdrafts, according to calculations by the City regulator. The rules, introduced by the Financial Conduct Authority (FCA), reduced high fees for unarranged borrowing and swept away complex charging structures, which made it hard for people to compare borrowing costs. The £1 [...]
Why I believe the Bank of England’s CBDC consultation amounts to a national scandal June 8, 2023 With some simple research, Susie Violet Ward lays bare the shocking inaccessibility of the Bank of England's CBDC consultation.