The Bank of England pushed ahead with another interest rate increase despite turmoil in the banking sector, predicting the UK economy will avoid a recession for now and that inflation remains a risk....
European Central Bank officials are growing increasingly confident that the euro-zone banking system has withstood financial turmoil, allowing them to envisage resuming interest-rate hikes in due...
23/03/2023
The Swiss government said it’s temporarily suspending certain kinds of bonus pay for Credit Suisse Group AG staff following the state-brokered takeover of the bank by rival UBS Group AG.Source:...
22/03/2023
The European Central Bank doesn’t see any conflict between its inflation-targeting mission and its responsibility to stave off financial-system threats, President Christine Lagarde said.Source:...
21/03/2023
UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard the country’s banking system and attempt to prevent a crisis spreading...
20/03/2023
Britain's opposition Labour Party vowed on Thursday to reverse the government's planned pension changes, saying they were a giveaway to the top 1% of pension savers at a time when many households...
17/03/2023
Credit Suisse plans to borrow up to SFr50bn ($54bn) from the Swiss central bank and buy back about SFr3bn of its debt, in an attempt to boost its liquidity and calm investors a day after the bank’s...
16/03/2023
Volkswagen is ramping up its investments in electric vehicles, committing €180bn over the next five years to manufacture its own batteries and expand in the world’s biggest markets in the US and...
15/03/2023
A US banking crisis is unlikely to deter the European Central Bank from increasing eurozone borrowing costs this week, but analysts expect rate-setters to be more reluctant to commit to another rise...
14/03/2023
A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout...
13/03/2023