Skip to content
City of London

Here’s What Happened in the City of London This Week

A potential regulatory shakeup, WhatsApp fines and the City’s struggling pubs were on our radar

A statue of a dragon marking the boundary of the City of London, UK.
A statue of a dragon marking the boundary of the City of London, UK.Photographer: Jason Alden/Bloomberg

Good afternoon from Bloomberg’s UK finance team. Here are five news stories from the Square Mile and beyond that caught our eye this week.

1)  Truss Planning Review of Regulators in City of London Shakeup
Liz Truss is planning a review of the UK’s finance watchdogs if she becomes prime minister, potentially leading to the largest shakeup of the sector’s regulatory infrastructure in a decade.

2)  Glazer Family Open to Selling a Stake in Manchester United FC
The Glazer family are considering selling a minority stake in Manchester United, as pressure mounts on their ownership of the historic English football club.

3)  Wall Street's Record Fines Over WhatsApp Use Were Years in the Making
Record fines that the world’s biggest investment banks are expected to pay in the coming months reflect years of frustration among US regulators that their investigations were being hampered by unmonitored messaging among bankers.