By: Chris Dorrell

Chris at City AM from 2023-2025, first as banking reporter and then economics reporter. He continues to freelance and plays with his band Totally Amorphous

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IMF: Risks to financial stability have ‘increased rapidly’ but won’t threaten fight against inflation

April 11, 2023

Risks to financial stability have “increased rapidly” since October last year but they were unlikely to be big enough to distract central banks from fighting inflation, the International Monetary Fund (IMF) said today. The global economic watchdog’s biannual financial stability report pointed to a range of different threats to financial stability following the turmoil in the banking [...]
“A dramatic tragedy”: Swiss parliament split on UBS takeover of Credit Suisse

April 11, 2023

Swiss authorities defended the state-brokered merger of the country’s two largest banks, UBS and Credit Suisse, in an emergency parliamentary session called to scrutinise the decision. The Swiss President, Alain Berset, argued “the Federal Council was obliged to intervene to maintain stability both in Switzerland and internationally and to protect the economy.” “A failure of [...]
Flight to safety: Money market funds see 5,998 per cent inflow in first quarter

April 11, 2023

Money market funds and short term money market products have seen a staggering 5,988 per cent increase in net flows in the first quarter, according to data from Hargreaves Lansdown Money market funds invest in high-quality, short-term debt, and they generally offer slightly higher returns than bank deposits. As interest rates have risen at their [...]
London IPO market slows to a crawl in 2023 as analysts warn ‘challenging’ times to come

April 11, 2023

London managed only five IPOs in the first quarter of 2023, raising just £81m as the City’s flagship exchange struggles to attract new participants. The main market saw only two IPOs, from Dar Global and Streaks Gaming. The two IPOs raised a combined £63m, with £60m of that coming from luxury real estate firm Dar [...]
Soft landing? Why the latest jobs data could leave the Fed with a tricky call

April 10, 2023

Analysts are divided about whether the US Federal Reserve should hike rates again as they digest last week’s figures on the labour market. On Friday last week, a closely watched survey of the US labour market showed the economy added 236,000 new jobs in March. While more jobs are still being added, the report suggests [...]
Why has an Enfield Barclays branch been given Grade 2 listed status?

April 10, 2023

An “exuberant” Barclays branch in London, home to the world’s first automated teller machine (ATM), has been given heritage status as the number of ATMs around the country continues to decline. The bank branch, situated at 20 The Town, Enfield, was fitted with the world’s first ATM in 1967 by the actor and comedian [...]
IMF and World Bank meetings: What will central bankers and finance chiefs be talking about?

April 10, 2023

The International Monetary Fund (IMF) and World Bank are meeting in Washington this week for their Spring meeting with the stability of the banking sector high up the agenda. Finance ministers and central bankers from around the world will come together with much to discuss, particularly after the collapse of Silicon Valley Bank sent shockwaves [...]
Is it over now? Where next for the banking crisis in Europe

April 7, 2023

Is that it? After a few weeks of exhilarating volatility, European banking stocks have settled into a more reliable pattern. It seems dramatic regulatory interventions have stemmed the possibility of immediate financial difficulties. The question now is whether the events of the past few weeks are symptoms of wider financial problems which will be brought [...]
Analysis: After the Silicon Valley Bank collapse, is it time for tighter liquidity rules?

April 7, 2023

Experts have suggested that the global banking system needs tighter liquidity rules after the largest bank run in history felled Silicon Valley Bank (SVB) last month. The impact of mobile banking, new technologies and social media means it is easier than ever to move money around. More than $42bn flowed out of SVB in just [...]
Barclays shareholders urged to vote against excessive executive pay package after ex-CFO cost bank millions

April 6, 2023

Glass Lewis has recommended that Barclays’ shareholders vote against a pay plan for its executive team, citing excessive pay for its former finance chief who was in charge when a trading blunder ended up costing the bank hundreds of millions. While Barclays docked £1m from the pay of its top executives in February, proxy advisor [...]

Ticket touts exploit Coldplay, Oasis, Billie Eilish demand

Why Snap thinks 2026 will be Sport’s most connected and branded year yet

The Italy holiday taking in amazing skiing and a lesser-visited city

By: Chris Dorrell

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