Why are Extinction Rebellion Talking About Palestine? March 4, 2024 Workers in the City of London will, by this point, be quite familiar with the sight of climate activists causing a ruckus. As key hub for the finance industry, the square mile has been the site of many direct-action protests over the past few years, including office occupations, event disruptions, banner drops, and unwanted building [...]
General Election 2024: Hunt accuses Starmer of ‘flip-flopping’ on VAT hike May 30, 2024 The Tories and Labour are embroiled in a row over VAT after Chancellor Jeremy Hunt accused Keir Starmer’s party of “flip-flopping” over tax policy.
SVB Financial sues US regulator to recover $1.93bn seized in rescue July 10, 2023 SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday. The lack of access to the funds was impeding SVB Financial’s reorganisation, it said, [...]
Aviva is ‘very happy’ with UK’s post-Brexit Solvency II reforms, top exec says January 22, 2023 Aviva is “very happy” with the current state of the UK’s plans to overturn the EU rules that govern the amounts of capital insurers must hold on their balance sheets, one of the firm’s top execs told City A.M. Adam Winslow, the chief executive of Aviva’s UK & Ireland general insurance business, said Aviva is [...]
Spring Budget 2024 Live: British ISA, NI cuts, higher taxes on business class fliers and child benefit tax changes March 6, 2024 City A.M. will be covering the Spring Budget live from its newsroom in the heart of the City of London so stay tuned for further updates.
S&P downgrades multiple US banks citing ‘tough’ operating conditions August 22, 2023 S&P Global on Monday cut credit ratings and revised its outlook for multiple U.S. banks, following a similar move by Moody’s, warning that funding risks and weaker profitability will likely test the sector’s credit strength. S&P downgraded the ratings of Associated Banc-Corp and Valley National Bancorp on funding risks and a higher reliance on brokered deposits. It [...]
Tower set to be the tallest in the City of London, 1 Undershaft held up by planning row July 2, 2024 The City of London Planning Applications Sub-Committee voted to defer its decision on the grounds that the current design infringed too much on the adjacent St Helens Square communal space.
Consistency, not speed is more important to save the City from stagnation December 8, 2023 The UK is attractive for investment because of the stability of our regulatory system - we shouldn’t lose the value of this for the sake of meeting artificial deadlines, writes Karim Haji
Pensioners the ‘biggest winners’ from Tory policies since 2010, research shows June 26, 2024 Pensioners have been the big winners of Tory tax and benefit policies since 2010, according to new research from the Resolution Foundation.
Prudential launches $2bn share buyback plan and outlines progress for further returns June 24, 2024 Prudential has unviled a multi-billion-dollar share buyback programme.