UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day
Bank stocks have fallen sharply again across Asia and Europe despite a series of measures to ease the crisis of...
business
John Lewis may end 100% staff ownership to raise investment for ‘transformation’ as job losses loom
The retail giant John Lewis may dilute its 100% employee ownership to raise fresh investment.The change to the partnership model...
Virgin Orbit plans for insolvency amid rescue talks with investors
Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its...
UBS takeover of Credit Suisse: Embattled bank’s chairman describes ‘historic, sad and very challenging’ day
UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of...
UK regulators back merger of banking giants Credit Suisse and UBS
British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial...
Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue
The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days...
Markets still uncertain after SVB and Credit Suisse shocks
A tumultuous week in the markets ended on an uncertain note - suggesting fears remain after large losses from the...
Strike to hit Heathrow Airport over Easter as passengers warned they face ‘severe delays’
Security guards at Heathrow Airport are to strike over Easter in a dispute over pay, with passengers warned they face...
Ann Summers boss Jacqueline Gold dies aged 62 following treatment for breast cancer
Ann Summers boss Jacqueline Gold has died at the age of 62, her family has said.The multi-millionaire businesswoman, who passed...
Atom Bank chair to step down as digital lender prepares for listing
Atom Bank, the app-based lender, has kicked off a search for a new chair as preparations for a long-awaited public...
Budget 2023: Money will have to be found from somewhere for public sector pay, says IFS
The government will have to find money to increase public sector pay or face consequences in its services, the Institute...
TikTok expected to be banned from UK government phones
China will see move as another swipe as relations deteriorate China’s response to the spate of countries banning TikTok on...
Virgin Orbit halts operations with almost all staff set to be furloughed
Virgin Orbit will pause all operations - with almost all staff at the satellite launch company expected to be furloughed.The...
Jeremy Hunt defends speed of his childcare budget giveaway as ‘biggest transformation in my lifetime’
Chancellor Jeremy Hunt has defended the speed of the rollout for his budget offer of free childcare for working parents,...
John Lewis results: £234m loss means no staff bonus and looming job losses
Job losses are on the horizon at the John Lewis Partnership, which includes Waitrose and John Lewis shops, as the...
Chancellor ‘welcomes’ decision to give Credit Suisse £44.5bn lifeline as shares bounce back
Chancellor Jeremy Hunt has "welcomed" the Swiss central bank's decision to give Credit Suisse a lifeline of 50bn Swiss francs...
Health of European banks in focus as stocks plunge again over Credit Suisse and rate rise worries
Banking stocks are enduring fresh, steep losses on Wednesday as concern over the health of US banks crosses the Atlantic.Credit...
How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months
Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest...
Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of spring budget
Rishi Sunak has said Jeremy Hunt will still be chancellor at the next election after criticism his number two did...
HSBC’s SVB UK buyout: The codenames and secret talks which averted a banking disaster
The low point came on Sunday evening.For two days and two nights the Bank of England had, alongside the Treasury...