Author: News Desk

City AM – First Aid kit: Tech care “Project Yeti”: Inside the scramble to save Silicon Valley Bank UK City AM says “It’s going down to the wire.” That was the view of Coadec CEO Dom Hallas at 11pm on Sunday evening after hours of meetings had failed to produce a deal on the future of Silicon Valley Bank – with the tech industry warning it would be an existential threat to thousands of firms across the sector if nothing was in place by Monday morning. Four hours later, discussions between the Bank of England, Treasury officials and HSBC reached…

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Metro – ‘Time for a sharp exit’ Summary of the front page Gary Lineker’s “stand-off” with the BBC over his tweets has ended in a climbdown by his bosses and with the corporation’s chairman “in the firing line instead”, Metro reports. The paper reports that Mr Davie has apologised for “grey areas” in the BBC’s guidelines and that Mr Sharp has been accused of being “missing in action” during the crisis. The front page features pictures from Sunday night’s Oscars ceremony in Los Angeles. Today’s top stories Like this article? Leave a comment UK National newspapers Previous Next

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Financial Times – Banks battered and rate forecasts reined in as SVB tremors spread Summary of the front page The failure of Silicon Valley Bank tore into global markets with investors ripping up their forecasts for further interest rate rises, the Financial Times reports. The collapse of Silicon Valley Bank, the 16th-largest bank in the US, tore through markets on Monday and drove investors to dump bank stocks around the world, the Financial Times reports. The front page reports US President Joe Biden has sought to reassure depositors that “whatever is needed” will be done to protect their funds and…

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