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People shop for groceries in south east London

UK inflation surprise pressures BoE to raise rates again

British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.
The buyout of Credit Suisse by rival UBS is not being welcomed in Switzerland

Credit Suisse buyout faces harsh criticism at home

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.
The banking turmoil started with the collapse of US regional lenders including Silicon Valley Bank

Two weeks of banking turbulence

The turmoil begins the night of March 8 with a liquidation announcement from Silvergate Bank, a US regional lender and favourite among the cryptocurrency crowd.
Credit Suisse was taken over by UBS in a deal orchestrated by the Swiss government

Credit Suisse: a bank sunk by scandals

The catalogue of troubles began with the 2021 collapse of Greensill, a British financial firm specialised in short-term corporate loans via a complex and opaque business model.
UBS and Credit Suisse banks logos are seen in Zurich

Credit Suisse takeover, central bank action calm jittery markets

Moves by authorities to avert a global banking crisis appeared to have lifted market confidence on Monday as investors welcomed emergency dollar liquidity from top central banks and a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group.