The Bank of England’s decision to raise interest rates this week seems certain as markets react to the unexpected surge in inflation last month.
In February, UK inflation has surged to 10.4%, surprising many who held different expectations.
In February, UK inflation exceeded expectations by rising to 10.4% from 10.1% in January, defying predictions of a decrease to 9.9%.
The US Treasury Secretary attributes the current turmoil to contagious bank runs.
According to the US Treasury Secretary, Janet Yellen, the recent turmoil in the world’s financial system can be attributed to “contagious bank runs”.
The Bank of England’s (BoE) policymakers are scheduled to make a decision on Thursday regarding the potential increase of interest rates.
On Thursday, the Bank of England (BoE) policymakers will make a crucial decision on whether to increase or maintain the current interest rates.
What the hell is going on? Silicon Valley Bank, First Republic, Credit Suisse & potentially hundreds more
Good morning investors, and welcome to my very first newsletter on Substack. I have been motivated to start this weekly transmission for a few reasons.
The Bank of England is hastily evaluating the potential danger of a new financial crisis.
In an effort to prevent the spread of instability following the industry’s most tumultuous week since the 2008 financial crisis, the Bank of England has instructed British lenders to disclose
According to the OECD, the UK is the only major economy, aside from Russia, that is expected to contract this year
The Organisation for Economic Cooperation and Development (OECD) has forecasted that the UK economy, apart from Russia, will be the sole industrialised country to shrink in 2023, even though increasing
A lawsuit has been filed against the parent company of Silicon Valley Bank and its senior executives
Shareholders have filed a class action lawsuit against SVB Financial Group, the parent company of Silicon Valley Bank, and two of its top executives over the collapse of the tech-focused
The stock prices of First Republic have plummeted following the collapse of Silicon Valley Bank.
First Republic Bank’s stock has experienced a 60% decline in pre-market trading as the US financial institution attempts to address concerns regarding its liquidity after the collapse of Silicon Valley
HSBC has acquired the UK division of the bankrupt Silicon Valley Bank for a nominal price of £1.
In a last-minute move, HSBC has agreed to purchase the collapsed Silicon Valley Bank UK, averting a potential crisis that could have caused chaos in the UK’s tech industry.
Following the collapse of Silicon Valley Bank, the Chancellor is considering a potential bailout plan for British tech start-ups.
On Saturday night, Jeremy Hunt, the Chancellor, was considering intervening to bail out British tech start-ups affected by the bankruptcy of a US bank.