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The Latest Breaking News from City

City regulator warns insurance firms to make sure they are offering fair value

The FCA has identified evidence that some guaranteed asset protection products, an add-on to motor cover, may be failing to provide fair value.

The Independent UK

Why the M in M&G stands for ‘mediocre’

City Comment: Most M&G funds are firmly in the second division

Evening Standard

The Bank of England should be brave and pause interest rate rises

City Comment: Rate-setters should look past Wednesday’s inflation figures

Evening Standard

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read the most diverse news in one place.

City watchdog claims data review shows no banks have closed accounts ‘primarily’ due to political views

The FCA added that, unlike in some other jurisdictions, “there is no right to an account in the UK”

Evening Standard

Out-of-work MPs are the last thing the City needs

City Comment: Headhunters seek City jobs for departing politicians

Evening Standard

This new tech fund can help revive the London market for listings

City Voices: The figures show that we’re better at planting the seed than pouring on the fertilizer when the shoots are showing

Evening Standard

Explanatory plaques fixed to London statues linked to slavery

City of London Corporation will fix plaques to statues of William Beckford and Sir John Cass

Evening Standard

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Atlanta city officials not processing petitions submitted for police training facility referendum

Atlanta city officials are not processing signatures for a referendum petition regarding the construction of a police training facility, saying they were legally barred from processing the submitted signatures following a stay on a federal court injunction.

Ballotpedia

It’s not vandalism to dream of reviving the Curzon Mayfair

City Voices: Contrary to how he’s being presented, Dan Zaum is not aiming to scrap the beloved Mayfair cinema

Evening Standard

Goodbye WFH: Staff at City banks are under pressure to return to the office

City Comment: A wind of change is blowing through the City of London: it’s back to the office, or else

Evening Standard

Wealthy but worried: why the UK's top 10% are turning their backs on the rest of society

I feel fairly middle of the road and average, but objectively I know this is completely untrue. I am at the top of the income percentiles – though I also know I’m miles away from the very rich. Everything I earn goes at the end of the month: on school…

The Conversation

How 2023 became the year of the wine bar

A new wave of wine bars is taking the capital’s coolest postcodes by storm and slaking the thirst of younger drinkers. Ben McCormack takes a sip

Evening Standard

Hipgnosis fund sells $465m worth of songs as City doubts music investment model

Hipgnosis said it sold the tunes by artists like Shakira and Barry Manilow its share price didn’t reflect the value of the songs it owns

Evening Standard

Judge blames Atlanta officials for confusion over 'Stop Cop City' referendum campaign

A federal judge overseeing the case involving Atlanta activists’ referendum effort against a police and firefighter training facility has accused city officials of moving the goalposts on the signature-gathering campaign

The Independent UK

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Evening Standard

Bank of England likely to raise interest rates again after fast wage growth, but it could be the last hike

Today, City financial markets were pricing in the likelihood of a further hike at around 75%

Evening Standard

OPINION - The London Question: Can pedestrians be put first for once?

Virginia Woolf had it right: “The greatest pleasure of town life in winter is rambling the streets of London”. Except for winter, read any season you like. I am a street walker. My most pleasurable route to work is to get a bus to Aldwych then to make my way…

Evening Standard

Ministers must ditch their anti-London mindset and back ‘roadmap’ for City growth

City Comment: The “roadmap for prosperity” offers a lot of opportunities. But will it be another well-intentioned document on the path to long-term decline?

Chicago Sun-Times

Chicago’s Board of Ethics opened—then closed—a review of allegations against city treasurer

The ethics board doesn’t have the authority to investigate, and the case against Melissa Conyears-Ervin was closed. The Office of the Inspector General won’t say if it is conducting an inquiry.

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The Guardian - UK

NatWest plays it safe with new chairman Rick Haythornthwaite

Sir Howard Davies’ replacement has enough City experience to move bank on from Coutts fiasco

The Conversation

London is a major reason for the UK's inequality problem. Unfortunately, City leaders don't want to talk about it

In recent years, there has been growing evidence that the UK economy is in poor shape. While the latest economic figures suggest it performed better as the COVID pandemic receded than was previously reported, the performance of sectors such as manufacturing, construction and agriculture has been revised downwards, leading some…

Ballotpedia

Philadelphia voters to decide measure on making Office for People with Disabilities a permanent part of the city charter

The Philadelphia City Council unanimously passed a charter amendment in June, referring it to the Nov. 2023 ballot, that would make the Office for People with Disabilities a permanent part of city government by making it a part of the city charter.

The Guardian - US

Thirteen-year wage dispute between NYC and Staten Island ferry workers set to end

Ferry captains, mates and engineers appear to be reaching deal after more than a decade without a union contract with the city

Evening Standard

The City must not miss out on crypto

City Comment: The initial moves are likely to made in Dubai, Singapore or Abu Dhabi, but there’s a chance for London to grab global leadership

The Canberra Times

Canberra's best restaurant of the year has been named

How many of these award-winning places have you been to?

Evening Standard

City fears over Superdry grow as shares tumble

SUPERDRY shares resumed trading today after being suspended over an accounting snafu – and immediately plummeted.

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