Author: News Desk

Collapsed US Silicon Valley Bank bought by rival First Citizens BancShares has purchased the assets and loans of the collapsed US lender, Silicon Valley Bank (SVB), the US Federal Deposit Insurance Corporation (FDIC) announced. SVB’s collapse earlier this month raised concerns about the stability of other lenders, resulting in a significant drop in bank shares worldwide. In Europe, worries over the strength of Swiss banking giant Credit Suisse led to a rushed takeover by rival UBS. Nerves among investors have remained, and bank shares fell sharply on Friday. SVB collapsed soon after a run on the bank and was swiftly…

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Today’s news summary – Paper Talk There’s a real variety of stories dominating Monday’s front pages, with England’s win over Ukraine – thanks to Harry Kane and Saka’s superb goals – being splashed on the papers today. Backbench Conservative MPs have warned that Rishi Sunak must close “legal loopholes” that would enable European judges to prevent the deportation of illegal migrants from the UK, The Express says. Meanwhile, The i reports that the prime minister is prioritising solving the issue of Channel crossings, while The Times claims that government sources believe Home Secretary Suella Braverman is a “sock puppet” for…

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The Scottish National Party (SNP), which runs Scotland’s semi-autonomous government, is set to announce its new leader following Nicola Sturgeon’s surprise resignation, which plunged Scottish politics into a crisis amid divisions over how to revitalise an independence movement seeking to end Scotland’s union with England. FRANCE 24’s B?n?dicte Paviot explains the stakes and likely contenders..

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