Let’s be honest, the financial sector needs to learn to get the basics right March 23, 2023 After the collapse of both Credit Suisse and Silicon Valley Bank, the financial sector needs to learn the basics before an over-emphasis on ESG, writes Matthew Lesh
Post-Brexit rules on capital for challenger banks will only hurt the industry more March 23, 2023 The last week of upheaval in the banking world is proof of the importance of a competitive landscape; we must do more to ensure a level playing field for smaller banking players, writes Karen Bradley One of Britain’s great economic success stories since the global financial crisis has been the emergence of a vibrant and [...]
PMQs sketch: Starmer’s cameo on Law & Order March 22, 2023 When in doubt, dig in on law and order. This is underlined, twice, in Sir Keir Starmer’s playbook. The American TV show was, after all, running for more than twenty years, so surely they know a thing or two about what people want. Indeed, the Labour leader was spoilt for choice with Conservative chaos today. [...]
Central banks need to steady their course despite choppy weather March 22, 2023 Much ado about nothing? Hardly. The loss of Credit Suisse, and the wipeout of Coco bond holders, will have consequences for years to come – but for now at least it appears as if the guardrails are holding. Attention will now inevitably turn to the Federal Reserve and, the day after, the Bank of England. [...]
From crime to health, Britain can’t see beyond acute needs for public services March 22, 2023 Failures at the Metropolitan Police; the slow-motion collapse of the NHS; strikes across industries. Our public services are geared towards acute need, over stopping that acute need in the first place, writes Rosie Beacon.
Our struggle with illegal immigration will be nothing compared to in 10 years time March 22, 2023 The draw for people to come to the UK will only become greater as climate change starts to cause extreme weather, writes Paul Ormerod.
A supermarket crackdown on seasonal workers picking UK fruit is too little, too late March 22, 2023 Our farms heavily rely on seasonal workers. But the system is ripe for exploitation - and supermarkets and other stakeholders have a responsibility to fix it, writes Elena Siniscalco
Analysis: Is it the end of the Winter of Discontent? March 21, 2023 The weather is (just) getting warmer, pay talks have paused strikes, but it might just be a break in the wave of strikes.
Credit Suisse and Silicon Valley Bank chaos are symptoms of fragile banking system March 21, 2023 City folk around in 2007 must have been getting very twitchy over the last week. Some of the market moves were reminiscent of the early stages of the financial crisis once people clocked on to just how bad banks had messed up. Credit Suisse tumbled more than 30 per cent at one point. Its peers [...]
Panic, just a little bit of panic, was enough to drive Credit Suisse off a cliff March 21, 2023 After the collapse of SVB, investors and the bank's customers were on high alert for signs of shakiness and Credit Suisse was an obvious target as fears mounted over a wider, 2008-style banking crisis, writes Comment & Features Editor Sascha O’Sullivan