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following turmoil in the sector last month caused by the collapse of US lender Silicon Valley Bank, which saw billions withdrawn from the firm’s UK entity.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

France Opposes EU Commission's English-Only Trade Agreement Proposal

France Opposes EU Commission’s English-Only Trade Agreement Proposal

EUROPE MORNING BRIEFING

France is set to oppose a European Commission proposal to use only English versions of trade agreements during ratification discussions, a move some member states support. This decision follows concerns regarding transparency and language rights.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement