Goldman Sachs cooperating with US government probes into SVB collapse May 4, 2023 Goldman Sachs Group said in a filing on Thursday it is cooperating with government probes into collapsed Silicon Valley Bank. The Wall Street bank is “cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries” into SVB, including the two companies’ dealings in March. Goldman was involved in key events before SVB’s [...]
European Central Bank hikes interest rates for seventh time in a row and Lagarde signals more rises May 4, 2023 The European Central Bank (ECB) today hiked interest rates for the seventh time in a row and slowed the pace of its aggressive campaign to tame inflation, though its chief Christine Lagarde signalled more rises are coming. She and the rest of the governing council sent borrowing costs among the 20 countries using the euro [...]
Regional banks in US continue slide as crisis deepens May 4, 2023 Shares in regional banks fell further today as the crisis among regional banks in the US continues. Western Alliance was one of the worst hit, trading nearly 40 per cent lower. It vehemently denied a report from the Financial Times that it was considering a sale of all or parts of its business. The Arizona-based [...]
FTSE 100 close: London index slips despite Shell rising after posting £7.6bn profit May 4, 2023 London’s FTSE 100 tumbled today despite investors piling into Shell after it launched a fresh buyback funded from its huge first quarter profits. The capital’s premier index fell 1.04 per cent to 7,707.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.62 per [...]
Are housing targets good or bad? May 4, 2023 As a new WhatsApp controversy within the Tory party puts housebuilding targets in the limelight, Elena Siniscalco asks whether central targets are a good or bad housing policy
Number of Russians using London Commercial Court reaches new record despite sanctions May 4, 2023 A record number of Russian litigants have used the London Commercial Court in the past year despite sanctions imposed in the wake of the war in Ukraine, new research has revealed. The number of Russian litigants appearing in the Commercial Court, part of the Business and Property Courts of the High Court, rose by 41 [...]
UK antitrust agency probes AI market as calls for regulation grow louder May 4, 2023 The UK's competition regulator has launched a review into the advancement of artificial intelligence, it confirmed today, amid growing concerns over its unchecked power to potentially overhaul the jobs market and spread misinformation.
What’s next for crypto at Eurovision this year? May 4, 2023 Monty's not sure if he's coming or gong with Eurovision and the coronation, but he's expecting the weird to get even weirder.
WATCH: RNLI’s Tower lifeboats called out from new London station for the first time May 4, 2023 London’s busiest lifeboat rescue crew sprung into action from its new Waterloo Bridge home for the first time this week. The Tower team of the Royal National Lifeboat Institution (RNLI) launched from its newly-created multimillion pound station , after the dilapidated old one was towed away in January. Its previous station, which had parts of [...]
Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices May 4, 2023 Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.
