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Simon Foy

  • M&G £565m UK property fund to shut after investors pull cash

    High interest rates and a darkening economic outlook are undermining investor confidence

    By Simon Foy 19 Oct 2023, 6:41pm
    City of london
  • London Stock Exchange overtakes Paris to regain crown as Europe’s biggest market

    Square Mile boosted by BP and Shell as French capital struggles with China downturn

    By Simon Foy 19 Oct 2023, 12:10pm
    square mile london
  • Goldman Sachs boss gives up DJing career as profits slump by a third

    Wall Street bank claims ‘media attention’ on David Solomon has caused distraction

    By Simon Foy 17 Oct 2023, 11:56am
    dj dsol
  • The City confronts the case for slavery reparations

    After acknowledging a dark chapter in their histories, financial institutions now face the question of atonement

    By Simon Foy 17 Oct 2023, 8:00am
    slavery and the bank
  • Isle of Man bank owned by Brexit backer wins City licence

    Jim Mellon’s Conister Bank will now be able to accept deposits in the UK

    By Simon Foy 16 Oct 2023, 7:07pm
    Jim Mellon
  • Banker fired for expensing partner’s lunch and then lying about it

    Szabolcs Fekete claimed double sandwich order was because he had ‘skipped breakfast’

    By Simon Foy 16 Oct 2023, 3:45pm
    amsterdam canal
  • Private schools prepare for wave of mergers after Starmer confirms VAT raid

    Labour’s ‘spite measure’ could have wide implications for the sector

    By Simon Foy 15 Oct 2023, 10:00am
    Thomas’s Battersea
  • Nigel Farage to bank with Lloyds after Coutts account closure

    Former UKIP leader was rejected by string of high street lenders over his political views

    By Matt Oliver 13 Oct 2023, 12:59pm
    Nigel Farage
  • Ex-Barclays boss Jes Staley banned from City over ties to Jeffrey Epstein

    Mr Staley fined £1.8m over misleading nature of relationship with paedophile financier

    By Simon Foy 12 Oct 2023, 6:53pm
    Jes Staley
  • How the ghost of Jeffrey Epstein chased Jes Staley out of the City

    American banker’s fall from grace appears to have been as brutal as it has been swift

    By Simon Foy 12 Oct 2023, 6:31pm
    Jes Staley,
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  • KPMG fined record £21m over Carillion audit

    Accounting watchdog finds ‘serious breaches’ in auditing of collapsed outsourcer

    By Simon Foy 12 Oct 2023, 10:09am
    carillion sign
  • Lloyd’s of London to resist pressure to pay reparations to descendants of slaves

    Caribbean leaders want to bypass government and pursue compensation directly

    By Simon Foy 11 Oct 2023, 2:56pm
    Lloyd's of London is expected to resist pressure to pay reparations for its role in the slave trade
  • Metro Bank has ‘limited future’ because of reliance on branches, says co-founder

    Customers switching to online banking, says former bank chairman

    By Simon Foy 10 Oct 2023, 12:27pm
    m,etro bank branch
  • How a Colombian billionaire rode to the rescue at Metro Bank

    Jaime Gilinski Bacal will need patience, time and perseverance to deliver a turnaround at the bank

    By Simon Foy 9 Oct 2023, 6:50pm
    Jaime Gilinski Bacal has earned a reputation as a turnaround specialist by taking punts on troubled lenders
  • Metro Bank vows to protect branches as it launches £30m cost-cutting drive

    Restructuring will see the embattled lender slash costs from 2025

    By Simon Foy 9 Oct 2023, 2:34pm
    Metro bank branch
  • Metro strikes late night deal to raise £325m and avoid takeover

    Existing investors will see their stakes heavily diluted in deeply discounted fundraising

    By Simon Foy 9 Oct 2023, 8:36am
    metro bank
  • Treasury in talks with Bank of England as Metro Bank seeks emergency cash

    Challenger lender scrambles to raise up to £600m as share price plunges

    By Simon Foy 5 Oct 2023, 7:05pm
    Metro Bank
  • Bank of England criticises lenders for failing to address bond market risks

    Banks accused of inertia in wake of ill-fated mini-Budget as borrowing costs surge

    By Simon Foy 5 Oct 2023, 5:45pm
    liz truss
  • Swedish car dealer abandons takeover bid for UK rival Pendragon

    Shares in London-listed company hit as Hedin Group pulls out of three-way race

    By Simon Foy 4 Oct 2023, 5:57pm
    car dealership
  • Employers who spy on staff threatened with fines amid rise in home working

    Increase in bosses tracking messages and keystrokes triggers privacy warning

    By Simon Foy 3 Oct 2023, 6:00am
    laptop working from home tracking
  • AI will let people live to 100 and work shorter weeks, says JP Morgan boss

    Jamie Dimon highlights potential of new technology amid fears over existential threat

    By Simon Foy 2 Oct 2023, 7:44pm
    jamie dimon
  • City chiefs revolt against Sunak’s net zero overhaul

    Letter to the PM says his backtracking risks hitting UK investment

    By Simon Foy 28 Sep 2023, 6:56pm
    Rishi Sunak has cited the 'unacceptable costs' of net zero as reasoning for the changes
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