Mark Kleinman: Bonfire of the regulators just beginning
Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles churn at the regulators, bankers’ bonuses and dilemmas at
Crypto fraud surges after Donald Trump’s re-election
Crypto platforms have been warned the industry is at a “critical juncture” after a Sumsub report showed a spike in fraud cases. The verification platform’s State of the Crypto Industry 2025 sa
Kurt Geiger sold to New York’s Steve Madden for £289m
Private equity firm Cinven has announced the sale of Kurt Geiger to shoe brand Steve Madden for £289m. Cinven bought the footwear and accessories brand in 2015 for £245m, and has since greatly expan
Barclays puts aside £90m for motor finance scandal
Barclays announced in its annual results it had set aside £90m to cover potential motor finance payouts, amidst ongoing disputes over the misconduct row. This follows the landmark Court of Appeal’s
‘Extraordinary’ Roman Basilica uncovered in heart of the City
The remains of London’s first Roman Basilica have been uncovered near Leadenhall Market during archaeological investigations at 85 Gracechurch Street. The site is currently being excavated by Museum
The five UK fintechs tipped to reach unicorn status
The UK fintech sector is experiencing lightning growth, with several companies on the road to gaining ‘unicorn’ status, a title given to privately held startups valued at over $1bn (£780m). Accor
Elliott takes up £3.8bn stake in BP
Notorious activist investor Elliott Management has taken up a £3.8bn stake in BP, becoming the ailing oil major’s third-largest shareholder, according to reports. The US fund’s investment in the
Elizabeth Line train drivers to strike in dispute over pay
Train drivers on London’s Elizabeth Line will stage a series of strikes over the next month in a dispute over pay, a union has announced. Members of Aslef, which represents nearly all of the UK’s
‘I used to be paid £1 an hour’: CEO of Tokio Marine Kiln on how he made it
Matthew Shaw skipped university to get into the working world as fast as he could. Now he heads up Tokio Marine Kiln. He tells City AM how.
‘Temporary share price glitch’ sends Barclays shares lower
Shares in Barclays slumped on Thursday morning after the bank posted its annual results. The Big Four bank reported a £8.1bn pre-tax profit, up 24 per cent from 2024, surpassing analyst expectations