Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.
Sainsbury’s to pay Natwest £125m to take bank division off its hands June 20, 2024 Natwest has agreed to acquire Sainsbury's core retail banking arm - with the supermarket giant paying the lender £125m to take it off its hands.
‘About a third’ of Facebook Marketplace listings could be scams, MPs told February 7, 2024 A director at TSB Bank has warned a group of top MPs that Facebook Marketplace and cryptocurrency investment are major breeding grounds for scams amid calls for Big Tech to take more responsibility for a wave of fraud on social media.
FTSE 100: London markets tick down as traders trim rate cut bets February 5, 2024 London's FTSE 100 ticked down on Monday amid a deluge of economic data that spurred traders to trim their bets on UK interest rate cuts.
FTSE 100 live: London’s blue chip index falls as NatWest and Lloyds share prices slump February 17, 2023 London’s FTSE 100 dropped lower on Friday as a share price slump from NatWest and high street rival Lloyds weighed on the index. The capital’s premier index jumped 0.53 per cent to 7,972.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.76 per [...]
‘Don’t be a TWaT’: Goldman orders staff to ‘work in the office five days a week’ August 23, 2023 Goldman Sachs has reminded its employees to come into the office five days a week as banks continue the fight to get staff back into the office. The Wall Street giant led the way in demanding that employees come back into work after the pandemic. Boss David Solomon has previously described homeworking as an aberration. [...]
Yorkshire Post owner signals interest in buying Daily Telegraph newspaper August 10, 2023 The owner of the Scotsman and the Yorkshire Post has indicated it could be interested in buying the Daily Telegraph and Sunday Telegraph if the papers are put up for sale later this year. National World said it “will consider participating in a sale process” if owners Lloyds decide to sell Telegraph Media Group. Lloyds [...]
Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told City A.M. that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
More than 140,000 small business accounts were ‘debanked’ last year February 27, 2024 Big banks closed just under 142,000 small business accounts last year, according to the Treasury watchdog, as MPs scrutinise lenders' approaches to "debanking".