Samuel Norman
@samnormanwrites
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Reporter @CityAM 📧 [email protected] / Yorkshireman in London / @The_JDF alum
London, England
Joined December 2015
"A WAR OF WORDS" @MauricioFCA_ / @SamNormanWrites for @CityAM Full Story: https://t.co/Si7jFHldhc The war of words between President #DonaldTrump's administration and #Europe ramped up. #WorldLeaders prepare for a showdown in #Davos. #CityAM
#TomorrowsPapersToday
#IBPAPERS
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🚨Donald Trump announces a 10% tariff on the UK and other European nations amidst Greenland spat. Says they will remain in place until “a deal is reached for the Complete and Total purchase of Greenland.” Liberation Day 2025, welcome back.
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WE ARE JEROME POWELL! ✊
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Never a quiet quarter for HSBC… The bank has agreed to cough up over £230m to settle an investigation relating to claims of dividend tax-fraud. An investigation revolved around historical claims of ‘cum-cum’ trading. Read more ⤵️ https://t.co/7sr3NoEX68
cityam.com
HSBC was accused of helping foreign investors evade taxes on dividends through a sophisticated financial manoeuvre known as 'cum-cum' trading.
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What keeps you up at night?👻 If you ask City bankers - it's Angela Rayner capturing the keys to No.10. The ex-Deputy PM is tipped to take the reins if Starmer exits in a blow to banks after Rayner called to up taxes on the sector. Read more @CityAM⤵️ https://t.co/Jt493oB4oA
cityam.com
Angela Rayner taking the reins of the Labour party could have big consequences for banking stocks in the City.
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“There’s going to be winners and losers,” in the battle between banks and fintechs, Antony Jenkins, the former CEO of Barclays tells me. And right now, Jenkins says it is looking like the fintechs have the upper hand. Read the full interview here ⤵️ https://t.co/zEqnYu39RQ
cityam.com
The former boss of Barclays has warned big banks must "radically modernise" or risk seeding market share to fintech stars.
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A little (major) Christmas presents for UK farmers after a year of protests. Interesting timing from Labour to release this now... https://t.co/B625yg9uFV
cityam.com
Labour has U-turned on its controversial inheritance tax changes which have sparked waves of backlash with farmers.
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Monthly reminder when journalists say the economy ‘unexpectedly’ shrank it’s based off surveys from economists who had pencilled in a different figure. These serve as independent steer - and yes can often be wrong - but come from far more analysis than any vibes-based opinion.
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Lies, leaks, beginner’s level hacking and a resignation: What happened in The Leaky War between the OBR and Rachel Reeves over the last week? Full in-depth story here https://t.co/cy9jROMUXx And main points...🧵
cityam.com
Rachel Reeves has clashed with the OBR following various Budget leaks and a resignation. Who won The Leaky War?
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The Budget that keeps getting weirder… We now know the Chancellor gave her gloomy income tax teaser fully knowing there was no black hole in public finances. The briefings now look even more bizarre and are even edging towards market manipulation. https://t.co/cPukvreWkB
cityam.com
The Labour government's weeks of rogue briefings and speculation around the OBR forecast has come under renewed scrutiny.
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Two's a pattern, three's a trend, and four is at the Chancellor's behest? Top banks have announced big UK investments after been spared from a tax raid. It's a move that gives Rachel Reeves some ammunition as she defends her tax-heavy Budget. ⤵️ https://t.co/1nt4eI5oPB
cityam.com
After being spared from a highly-anticipated cash grab, a trio of banks announced a fresh pump of capital in the UK economy.
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Excited to say that’s it my very first day as Head of Publishing Administration for the Office of Budget Responsibility. Exciting things to come!
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For all things Autumn Budget today stay across @CityAM's liveblog. We'll be bringing you top news and analysis as it happens as well as the full breakdown when the dust settles. https://t.co/xDGlZ5A1Ye
cityam.com
Welcome to the City AM Autumn Budget liveblog, we'll be bringing you the latest updates on all things tax, ISAs, OBR, wealth and more.
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A classic Budget morning RNS... but not flying under @CityAM's radar. 👀🔍 https://t.co/jW06rNssMk
cityam.com
Mark Bartlett will step down from his role at Strix after nearly two decades at the company, one of which was spent in the top job.
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Budget whiplash: How bank shares were hit by the Treasury’s ‘hokey cokey’ leaking
cityam.com
UK banks shares have been rocked by the Budget leaking bonanza but now lenders are expected to be spared from Reeves' tax raid.
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A great piece of work by @samnormanwrites here looking at just how much banking stocks have jumped around because of endless Treasury leaks on whether they'll be taxed. This one shows NatWest 👇
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