Financial Times - Bank of England consider urgent reform of deposit guarantee scheme

Summary of the front page

The lead story on the front page of the Financial Times says the Bank of England is considering “urgent” reforms to its deposit guarantee scheme following turmoil in the sector last month caused by the collapse of US lender Silicon Valley Bank, which saw billions withdrawn from the firm’s UK entity. 


The paper’s lead image shows smoke rising above the Sudanese capital, Khartoum, after the death toll there rose following a second day of fighting between the army and a rival paramilitary group. Another article on the paper’s front page says that China’s trillion-dollar Belt and Road Initiative has been hit by “spiralling bad loans”.

Today's top stories

696x392 cmsv2 49de1131 5369 5ad8 b15c bb015424aadc 9699930

EU approves customs reform to manage trade volumes and enhance compliance

The EU has enacted a comprehensive customs reform to manage increasing trade volumes and streamline standards enforcement. The agreement, deemed the most significant since 1968, introduces a customs data hub for efficient monitoring and simplified procedures for compliant traders, while enhancing controls on non-compliant goods.

696x392 cmsv2 8ea00b4f 70c3 5e62 bb2a 9086d3dabd52 9700562

Valérie Hayer discusses Renew Europe’s priorities in latest interview

Valérie Hayer, MEP and President of Renew Europe, discussed key policy directions and strategies for enhancing the bloc’s economic resilience. She emphasised the importance of innovation and collaboration among EU member states to address current challenges and strengthen economic stability across Europe.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement