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UK banks resilient despite uncertainty, but households remain ‘squeezed’

The UK’s major banks are “resilient” in the face of global turmoil, but households and businesses still face the risk of higher borrowing costs as a result, according to the Bank of England. The central bank’s Financial Policy Committee (FPC) added ...

29 Mar 2023 at 13:03

World

Regulators seize troubled First Republic Bank

Regulators have seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US. San Francisco-based First Republic is the third mid-size bank to ...

01 May 2023 at 11:52

Banking giant UBS to buy Credit Suisse to rein in turmoil

World

Banking giant UBS to buy up troubled Credit Suisse to prevent it collapsing

Banking giant UBS is buying its smaller rival Credit Suisse for 3.2 billion dollars (£2.6 billion) in an effort to avoid further market-shaking turmoil in global banking, Swiss president Alain Berset announced on Sunday night. The deal was “one ...

19 Mar 2023 at 21:10

City

Why did Silicon Valley Bank collapse and are other lenders at risk?

The collapse of the 16th largest bank in the US sent ripples through global markets on Monday as Governments and businesses scrambled to figure out what the impact would be and how it could be contained. Silicon Valley Bank collapsed on Friday ...

13 Mar 2023 at 13:00

Pictures & Videos

Watch: Frolicking dolphins visit Fanad Lighthouse

At Fanad Lighthouse in summer months visitors can be lucky enough to see dolphins, whales and basking sharks swimming nearby. Recently captured footage shows dolphins arriving in sight and swimming up close to the lighthouse, “We thought they ...

28 May 2024 at 15:33

City

Central banks could ‘ease up on rate hikes’ after Silicon Valley Bank collapse

The collapse of Silicon Valley Bank could fuel pressure on central banks to ease up on interest rate hikes, according to some finance experts. Alice Haine, a personal finance analyst at Bestinvest, said: “The collapse of two US banks in ...

13 Mar 2023 at 15:26

World

Global stocks sink after Credit Suisse takeover

Global stock markets sank on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate rises. Hong ...

20 Mar 2023 at 08:18

Life

How to replicate a hotel bedroom at home

There’s something special about a luxurious hotel bedroom… fresh bed linen, stylish decorative accents, a calming atmosphere, and peace of mind knowing every detail has been carefully considered. So is it any wonder we dream of the ...

30 Sept 2025 at 08:00

World

US government races to reassure Americans that banking system is safe

Depositors withdrew savings and investors broadly sold off bank shares on Monday as the US federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial ...

13 Mar 2023 at 22:06

World

New York Community Bank to buy failed Signature Bank in £2.2 billion deal

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a 2.7 billion dollar (£2.2 billion) deal, the Federal Deposit Insurance Corp (FDIC) said late on Sunday. The 40 branches of ...

20 Mar 2023 at 03:25

Fashion & Beauty

What fragrance to wear depending on your style

Fragrance makes up an essential part of your personal style. When searching for your signature scent, it’s easy to be overwhelmed by the abundance of perfumes out there, from classics by the likes of Chanel and Dior, ...

04 Oct 2024 at 08:30

City

HSBC buys Silicon Valley Bank UK in rescue deal to avoid tech sector chaos

HSBC has bought the UK arm of collapsed US lender Silicon Valley Bank in a last-minute rescue deal to avert a crisis in Britain’s technology sector. The sale – for a nominal sum of £1 – was agreed after all-night ...

13 Mar 2023 at 14:00

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