This Week in the City of London - 26 May

Anne Boden, founder of Staling Bank, steps down as CEO to avoid conflicts of interest, as she is a major shareholder. This announcement coincides with the bank's revenue doubling. Meanwhile, Monzo's co-founder, Tom Blomfield, moves to San Francisco, citing the UK as less favorable for ambitious founders. Despite a wider market slowdown, London's Mayfair remains a hot property market, with new price records expected.

Why did Anne Boden decide to step down as CEO of Starling Bank?

• To pursue a new career opportunity

• To focus on personal projects

• To avoid potential conflicts of interest

• Due to health reasons

What significant achievement did Starling Bank report?

• Expanded to new countries

• Launched a new product line

• Doubled its revenue

• Tripled its customer base

What reason did Tom Blomfield give for moving to San Francisco?

• Better weather

• Closer to family

• More favorable environment for ambitious founders

• To join a new startup

Which area in London remains a hot property market despite a slowdown?

• Shoreditch

• Mayfair

• Greenwich

• Canary Wharf

What is expected to happen in Mayfair's real estate market?

• A decrease in property prices

• A shift to residential properties

• A rise in vacancy rates

• New records for price per square foot