Author: News Desk

Silicon Valley Bank collapse If you work in the technology industry, it’s likely that you are familiar with Silicon Valley Bank. However, if you haven’t heard of this seemingly localised bank, don’t worry – it primarily served a specific clientele of startups, venture capitalists, and technology firms, with only a few branches despite holding billions in deposits. Unfortunately, the bank has since collapsed, marking the second-largest bank failure in US history, after banking regulators shut it down on Friday, March 10. Just two days before, Silicon Valley Bank had signalled a cash shortage and attempted to raise money by selling…

Read More

The Guardian – Excoriating report condemns Met Police over racist, sexist culture Summary of the front page The Guardian reports on a review due to be published next week which will criticise the country’s largest police force for its racism, sexism and homophobia. Sources with knowledge of the Casey report, which has been looking into the culture of the Metropolitan Police, have told the Guardian that its findings are “horrible” and “atrocious” and show the force is “in the last chance saloon”. The paper has been told the report finds that Wayne Couzens, who murdered Sarah Everard, and David Carrick, another…

Read More

Financial Times – Banks scramble to reassure investors and regulators after flight of deposits Summary of the front page The Financial Times leads with struggling banks on both sides of the Atlantic racing to reassure clients and regulators that they can weather a flight of deposits. The paper says struggling banks on both sides of the Atlantic are racing to reassure clients that they can withstand problems. The paper says there has been a “global rout” in stocks. Today’s top stories Like this article? Leave a comment UK National newspapers Previous Next

Read More

Metro – Say yes to end strikes Summary of the front page Nurses and paramedics have been urged to vote for a pay offer agreed by health unions and government – that’s on the front of the Metro. The paper says the deal offers “hope a winter of damaging strikes could soon be over”. Today’s top stories Like this article? Leave a comment UK National newspapers Previous Next

Read More

Daily Mirror – Nurses deal at last Summary of the front page The Daily Mirror welcomes news of the pay deal between health unions and the government but says it is now time for other key workers to be offered a deal too. The paper says one union has described the deal as “far from perfect” but also quotes Pat Cullen, the general secretary of the Royal College of Nursing, calling it “real, tangible progress”. The paper adds that it has “sparked calls for other striking key workers to get proper pay rises”. Today’s top stories Like this article? Leave a…

Read More