Rishi Sunak’s cool head after the collapse of SVB was a political windfall March 20, 2023 Rishi Sunak’s handling of the collapse of Silicon Valley Bank was what one actually wants in a government: swift, effective, unshowy competence, writes Eliot Wilson
After years of vague pledges, company boards are starting to care about their emissions March 20, 2023 For the first time, investors and company boards are taking to start taking climate risk more seriously as we head towards Cop28, hosted by the United Arab Emirates this year, writes Kari McCormmick.
HSBC’s purchase of Silicon Valley Bank shows the power and limits of government March 20, 2023 We should commend the government facilitating HSBC’s decision to buy Silicon Valley Bank, but not all things can be left to government to solve and we need to shore up the financial system
Bank of England says UK banking sector is “safe and sound” amid Credit Suisse fallout March 19, 2023 The Bank of England moved late on Sunday evening to reassure investors that British banks remain strong despite the global drama in the banking sector, including UBS’ rushed purchase of Credit Suisse. The historic Zurich lender was pulled out of the fire by the Swiss government on Sunday ahead of a bankruptcy which would have [...]
UBS agrees to buy Credit Suisse to avoid “unthinkable” consequences March 19, 2023 THE SWISS government last night brokered a discount $3bn (£2.6bn) deal that will see UBS rescue Credit Suisse from bankruptcy and avoid “irreparable” damage to the global financial system. In an extraordinary press conference last night, the Swiss President said deposit outflows on Friday at Credit Suisse on Friday meant it was “no longer possible [...]
Credit Suisse’s timeline of misfortune March 19, 2023 Credit Suisse is on the verge of being taken over by its Swiss rival UBS having suffered a bruising few years in which the bank has stumbled from one crisis to another. From “tuna bonds” to Greensill, City AM looks back at the series of scandals which have brought the 167-year old lender to the [...]
Allies fear Boris Johnson walking into a partygate ‘witch hunt’ – with a comeback at risk March 19, 2023 Former prime minister Boris Johnson could face a “witch hunt” before MPs at a grilling over his involvement in the lockdown-busting partygate scandal, a key ally has warned. Lord Greenhalgh, who was a deputy mayor during Johnson’s tenure at City Hall, said he was “concerned it will be a witch hunt” and hoped he would [...]
SNP boss Peter Murrell – Nicola Sturgeon’s husband – quits amid falling membership row March 19, 2023 SNP boss Peter Murrell has quit the party amid a row over declining membership figures, as the race to succeed first minister Nicola Sturgeon enters its final week. Scottish National Party (SNP) chief executive Peter Murrell resigned this weekend after reports of a threat of a no confidence vote by the National Executive Committee (NEC). [...]
HSBC won’t ‘smother’ Silicon Valley Bank after rescue deal, says chief March 19, 2023 The boss of HSBC has said the bank will not “smother” the former UK arm of Silicon Valley Bank or overhaul its operations after it swooped in with a £1 rescue deal last week. The UK subsidiary of the California-based start-up lender was snapped up by HSBC just before market open on Monday in a [...]
ChatGPT urges crypto conference panel not to become over-reliant on AI March 19, 2023 ChatGPT has told a blockchain conference that humans should not become over-reliant on AI or critical thinking and judgement will be eroded.
