HSBC buys US bank SVB's UK arm for 1 pound
The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal ?1 ($1.2) in a rescue deal, the government and HSBC announced Monday.
Britain battles to limit SVB damage as would-be buyer for UK arm steps in
A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout for companies from the bank's demise.
Tech execs race to save startups from 'extinction' after SVB collapse
Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank.
SVB's demise a sign of worry, but limited contagion risk: Analysts
SVB's demise a sign of worry, but limited contagion risk: analysts
Crypto stocks slide after Silvergate decides to shut down
Shares of crypto-focused companies fell on Thursday after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.
Britain's early retired resist calls to work, despite higher living costs
In their fifties and deciding there was more to life than work, Liz and Ian Woodbridge quit stressful jobs during the pandemic - part of a cohort of British early retirees now resisting a government call to return, despite rising living costs.
Crypto-focused bank Silvergate plans to wind down following blow from FTX
Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hours trade.
Elon Musk tried to sell Twitter office plants to boost revenue, claims employee
Former Twitter employees have made several claims about Elon Musk since the latter took over Twitter last year.
As the macroeconomic environment fundamentally shifts, should you invest in property/real estate?
As property prices begin to fall, experts and investors alike analyse whether property continues to be a good investment given the macroeconomic changes in the world.
Australia central bank tempers hawkish outlook after hiking rates to over decade high
Australia's central bank raised its cash rate to the highest in more than a decade on Tuesday, but suggested it might be nearly done tightening as consumer spending was slowing and there was less risk of a wages-driven inflation blow-out.
Swiss-based trust holds second meeting to discuss plans for Afghan funds - trustee
The board of the Swiss-based trust fund managing some $3.5 billion in frozen Afghan central bank assets met for a second time last month, one of its trustees said, and discussed options for disbursing funds in line with achieving monetary stability.
Regulator censures Credit Suisse for Greensill blunders
Swiss regulators have rebuked Credit Suisse for "serious" failings in its handling of a multi-billion business with now defunct financier Greensill, the third such public censure in two years.
Elon Musk fires Twitter's product head Esther Crawford in latest round of job cuts
Esther Crawford, the director of product development at Twitter, has been fired.
Analysis: Competition hots up as British banks fight to keep earnings rising faster than costs
British banks face a tougher battle for mortgage customers and business borrowers in 2023, as rising costs and deposit rates paid to long-suffering savers threaten to outpace flatlining profit margins, senior industry executives and analysts said.
Elon Musk says Twitter is 'world's largest non-profit'
Tesla CEO Elon Musk, who purchased the microblogging platform Twitter last year, has now claimed that he has not been making any money from it.
UK bank NatWest posts bumper profits but shares tank
British bank NatWest on Friday posted a jump in annual profits as it trimmed costs and the sector benefitted from rising interest rates.
Back from the dead, IPOs picking up again on Wall Street
Some 293 companies are currently registered to go public, up 39 percent compared to this time last year
PayPal tells Australia it supports buy-now-pay-later regulation
Payments giant PayPal Holdings Inc wants buy-now-pay-later (BNPL) loans subjected to consumer protection law, it said in a submission to the Australian government, adding a powerful voice from inside the sector calling for regulation.
Global stocks rise after strong US retail sales, better UK inflation data
That's still a high level of inflation, but the pound's retreat reflected a shift for the foreign exchange market.
Stock markets diverge as traders react to inflation numbers
Europe stock markets climbed Wednesday after Asian counterparts finished lower, with traders digesting news of cooler UK and US inflation.
Mark Gurman reveals why Apple Pay Later, iPhone subscription service have been delayed
Bloomberg's Mark Gurman has revealed why Apple's financial services aren't likely to see the light of day anytime soon.
Britain sets out legislation to regulate buy-now-pay-later credit
Britain on Tuesday will set out draft legislation to regulate "buy now pay later" credit, saying the sector posed potential harm to consumers without thorough affordability checks.
Bradesco shares hit 2-year low after disappointing quarterly earnings
Shares in Brazil's Banco Bradesco SA fell to their lowest level in almost two years on Friday after the bank reported fourth-quarter net income equivalent to less than half that of analysts' estimates.
Latest interest rate increase is 'bad news' for business owners, claims finance expert
A leading business finance expert has claimed that the latest increase in interest rates is 'bad news' for many businesses.
From lockdown to strikes: The turbulent life of a Covid-year university student
Covid-generation uni students had their first and second year's disrupted by lockdown rules; now they're set to miss out on more learning due to union strikes.
What is happening with the Bounce Back Loan Scheme?
Reports estimate £4.3 billion was been written off as being lost to fraudsters since the start of the Bounce Back Loan Scheme.
Stocks steady, dollar higher on US rate-hike expectations
Stock markets largely steadied and the dollar rose Tuesday, with traders forecasting US interest rates to keep climbing following last week's blockbuster American jobs report.
Bank of England hikes interest rate tenth time in row
The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.
EU crafts response to US green tech subsidies
The EU will present long-awaited proposals on Wednesday to counter sweeping US subsidies on green tech that threaten Europe's industry, already struggling with soaring energy prices and unfair competition from China.
Rising interest rates have a sting in the tail for Europe's banks
Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.