Wall Street banks rescue First Republic
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances, the European Central Bank has raised interest rates by half a percentage poin...
17 Mar 20239min
Swiss central bank backs Credit Suisse
The Swiss central bank said it would provide a liquidity backstop to Credit Suisse, UK chancellor Jeremy Hunt unveiled a Budget that includes a £4bn expansion of free childcare, and Volkswagen is incr...
16 Mar 202310min
The Fed’s SVB balancing act
The world’s largest private investment firms are exploring the purchase of loans from the remains of Silicon Valley Bank, the Federal Reserve is caught between high inflation and financial instability...
15 Mar 202310min
SVB jitters spread to global markets
The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, and venture capitalists are pointing fingers at each...
14 Mar 20239min
SVB’s cardinal sin
The Federal Deposit Insurance Corporation is leading an auction to find a potential buyer for Silicon Valley Bank after the US government said it would help depositors in its efforts to stop contagion...
13 Mar 202311min
The quantum revolution: Q-Day
In the cybersecurity world they call it Q-Day, the day when a quantum computer will be built that can break the encryption of the internet.John Thornhill and Madhumita Murgia speak to cybersecurity ex...
11 Mar 202326min
Silicon Valley Bank rattles Wall Street
A US bank index suffered the worst one-day fall in market value since June 2020, the first France-UK summit in five years will focus on resetting relations, Mexico’s currency hit a five-year high this...
10 Mar 202310min
Britain’s stuck economy
EY employees were told that the plan to spin off the consulting business needs to be reworked, and Chinese president Xi Jinping is preparing to shore up financial stability at home while trying to kee...
9 Mar 202310min
