U.S. President Joe Biden pledged on Monday to do whatever was needed to address a banking crisis threatened by the…
UK, Bank of England facilitate sale of SVB UK to HSBC
Britain’s finance minister Jeremy Hunt said the government and the Bank of England had facilitated a private sale of the…
Signature Bank in New York becomes next casualty of banking turmoil after SVB
The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 in deposits…
UK races to minimise damage from Silicon Valley Bank collapse
British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England…
France faces another day of nationwide protests against Macron’s pension plans
France faced a seventh day of demonstrations on Saturday against President Emmanuel Macron’s unpopular pension reform plans amid ongoing rolling…
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in…
Li Qiang becomes China’s premier, tasked with reviving economy
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post,…
Russians, British and Israelis top list of foreign property buyers in Cyprus
Russian nationals were the largest group of foreign real estate buyers in Cyprus during the first two months of 2023,…
Spain’s government seeks pension reform, shifting cost to high earners
Spain’s Socialists and their junior coalition partners Unidas Podemos have struck a deal on changes to the pension system that…
UK agrees to pay France £480 million to stop migrants crossing the Channel
Britain will pay France 480 million pounds ($577 million) over three years to try to stop migrants from travelling in…