Jitters over health of US banks spark global stock market sell-off
Stock markets have gone into sharp retreat globally, including in the UK, over concerns for the health of US banks in the tougher economy.
Stock markets have gone into sharp retreat globally, including in the UK, over concerns for the health of US banks in the tougher economy.
The UK is facing a number of economic challenges that are having a marked impact on families.
It’s now seen as a 50-50 call on whether the Monetary Policy Committee lifts rates on Thursday
City analysts have tipped Bank governor Andrew Bailey to prioritise fighting inflation ahead of banking sector stability.
(Bloomberg) -- Britain’s underlying price pressures are set to diverge with those in the eurozone, with signs of cooling inflation intensifying the debate over whether the Bank of England should halt its cycle of interest rate increases.Most Read from BloombergUS Studies Ways to Insure All Bank Deposits If Crisis GrowsUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisJPMorgan Owned the LME ‘Nickel’ That Was Actually Bags of StonesVanguard Said to Shutter Business in China, Exit Ant Vent
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Three-month extension of energy price guarantee welcomed but key state support schemes expiring
Chancellor puts rising inflation as chief concern for UK economy, saying monetary and fiscal policy must point in the same direction.
This column’s decision in January to sit on its hands and do as little as possible, in the view that it didn’t really know why share prices were rallying so hard and so fast, does not look quite so spineless, at least for now.
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The turmoil affecting the world's financial system was caused by "contagious bank runs", the US Treasury Secretary has said.
Rate hits 10.4% in February, tilting back up after recent falls
Britain’s biggest listed companies now make more money in America than at home, according to a review of market data.
Savers face losing thousands to rising inflation, despite vast improvements in the best-paying accounts.
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UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse's investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
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