[ad_1] LONDON, March 11 (Reuters) – Britain’s finance ministry and the Bank of England are working together to minimise the disruption that could stem from a collapse of the UK…
Tag: DBT
Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm – Sky News
[ad_1] March 11 (Reuters) – British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank (SIVB.O), Sky…
Reactions to Silicon Valley Bank meltdown
[ad_1] March 10 (Reuters) – California banking regulators on Friday closed SVB Financial Group (SIVB.O), the largest bank failure since the financial crisis, moving quickly to protect depositors as a…
Bank of England seeks to wind up Silicon Valley Bank’s UK arm
[ad_1] LONDON, March 10 (Reuters) – The Bank of England said on Friday that it was seeking a court order to place Silicon Valley Bank UK Limited into an insolvency…
Canada govt to present 2023-24 budget on March 28, finance minister says
[ad_1] OTTAWA, March 10 (Reuters) – Canada’s federal government will present its budget for fiscal year 2023-24 on March 28, Finance Minister Chrystia Freeland said on Friday. “Our government is…
Yellen defends request for $29 bln increase in IRS enforcement funds
[ad_1] WASHINGTON, March 10 (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday defended a Biden administration budget request for an additional $29.1 billion in IRS enforcement funds as Republicans…
SVB exploring sale as crisis triggers global banking rout
[ad_1] U.S., European banks sell off for second day Banks’ bond holdings in focus as central banks hike rates Treasury monitoring developments; investors fear ‘systemic risk’ SVB memo tells employees…
SVB turmoil a sign of pain coming from end of easy-cash era
[ad_1] LONDON, March 10 (Reuters) – The easy-cash era is over and its impact is only just being felt by world markets yet to see the end of the sharpest…