A group of MPs has accused banks of closing business accounts mainly due to cost and reputation, rather than clamping down on financial crime, amid a gulf between “debanking” and …
Investing
Rio Tinto announces another bumper dividend for investors despite profit slump as focus on cash flow pays off
Mining giant Rio Tinto has announced another bumper payout for investors despite falling profit. The world’s largest iron ore producer reported underlying earnings of $11.8bn (£9.4bn) for 2023, down from …
HSBC unveils record annual profits and fresh buyback but hurt by writedown on China bank holding
HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were …
One clear trend from London Fashion Week? The tourist tax is failing retail
London’s fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi London Fashion Week drew to a close …
The Debate: Will citizens’ assemblies help fix democracy?
City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. Will citizens’ assemblies help fix democracy Simon Kaye …
Crypto and AI are opposites that attract
Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets Last week Open AI …
No more excuses: We need transport projects connecting South London
Soft clay. That’s always been the excuse for the London Underground’s shameless disregard for the badlands south of the Thames. The slightly wetter earth in south London made building tunnels …
Take down of Lockbit won’t stop the hackers, warn security experts
Cybersecurity experts have warned that hackers could swiftly bounce back from a UK-led operation that disrupted what is believed to be the world’s largest criminal ransomware group. Britain’s National Crime …
Why hasn’t the UK signed more trade deals?
On leaving the EU, the UK lost access to the European Union’s trade deals with countries including Israel, Mexico and South Korea. But the UK has since negotiated a host …
‘Tax sandwich’ on offer despite Chancellor’s promise of March cuts
Chancellor Jeremy Hunt will have over £20bn to spend on tax cuts in the Spring Budget, but whatever cuts are announced will be sandwiched between hefty tax rises, a leading …