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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…
Financial Times – TikTok chief struggles to fend off US ban in front of hostile Congress Summary of the front page The Financial Times leads…
UK households ‘spent 12% more on essentials in February than year earlier’ The Guardian says Inflation and rising bills mean UK households are spending 12%…
Bank of England warns interest rates will rise again if businesses hike prices The Independent says The head of the Bank of England has warned…
Bank of England raises interest rates to 4.25% The Metro says The Bank of England has announced that interest rates have risen for the 11th…
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UK interest rates: Another Bank of England rise expected as prices soar Following an unexpected jump in the rate of inflation, the Bank of England…
CITY AM – Don’t panic The front page of the London business paper reports on the banking crisis – saying markets were soothed by Credit…
Financial Times – Shotgun marriage of Credit Suisse and UBS stirs bondholders’ anger Summary of the front page The merging of Credit Suisse and UBS…
UK borrowing in February hits highest level since record began According to the Office for National Statistics (ONS), government borrowing in February hit its highest…
Christine Lagarde’s comments come in the midst of persistent turmoil across Europe’s banking sector.
Thousands may have fallen for Crypto app scam The Metro says Another cryptocurrency trading app may have lost thousands of people their hard-earned savings, it…
City AM – It’s a Swiss rescue UBS agrees to buy Credit Suisse to avoid “unthinkable” consequences CITY AM says THE SWISS government last night…
Financial Times – UBS to acquire Credit Suisse for $3.25 billion after frantic talks Summary of the front page The Financial Times leads with the news…
Workers £11,000 worse off a year due to stagnant wages – Resolution Foundation Research shared exclusively with BBC Panorama by the Resolution Foundation think tank,…
Central banks to boost flow of US dollars amid market troubles Following a turbulent period in the US banking sector and the Credit Suisse merger,…
Financial Times – Banks scramble to reassure investors and regulators after flight of deposits Summary of the front page The Financial Times leads with struggling…
Bosses blamed the lack of bonuses on ‘inflationary pressures’.
Financial Times – Hunt defies gloom with upbeat Budget Summary of the front page Chancellor Jeremy Hunt has delivered a defiantly upbeat budget offering a…
Virgin Orbit to pause all operations from Thursday Virgin Orbit plans to halt operations from Thursday and reportedly furlough almost all its employees in a…
Credit Suisse emergency loan sparks banking fears Credit Suisse announced that it will be borrowing up to 50 billion Swiss francs (£44.5bn) from Switzerland’s central…
Spring Budget 2023: What has been announced? Every measure in the budget Chancellor Jeremy Hunt announces his Spring Budget 2023 – here’s a list of…
Budget 2023: The key points of Chancellor Jeremy Hunt’s Spring Budget Chancellor Jeremy Hunt has announced the budget for 2023. The UK will now not…
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…
Financial Times – Banks battered and rate forecasts reined in as SVB tremors spread Summary of the front page The failure of Silicon Valley Bank…
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