IMF chief warns global financial stability at risk from banking turmoil – The Guardian
The head of the International Monetary Fund has warned that the global economy faces risks to its financial stability because of the turbulence in the
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Money market funds swell by more than $286bn as investors pull deposits from banks – The Financial Times
Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, as
Silicon Valley Bank: Collapsed US lender bought by rival – BBC News
The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares. The failure of SVB earlier
Collaboration needed in the fight against payment fraud
Regardless of company size or industry, payment fraud is a growing risk for businesses around the world. The scale of the challenge cannot be underestimated:
PODCAST: Some Companies Now View Remote Work as a Liability
After embracing remote and hybrid work schedules, some companies now find flexible work schedules as cutting down on productivity. WSJ ‘On the Cock’ columnist Callum
Why markets can never be made truly safe – The Economist
Collateral is usually a boring affair. Valuing assets and extending credit against them is the preoccupation of the mortgage banker and the repo trader, who
Bank of England Lifts Rates by Quarter Point, Following Fed – WSJ
The Bank of England raised its key interest rate by a quarter percentage point Thursday, a fresh sign that policy makers around the world are
How much longer will America’s regional banks hold up? – The Economist
What kind of story is unfolding in the banking system? At first glance it would appear to be a tragic drama. In the past fortnight,
EU to Renew Banking Union Push Amid Turmoil – Bloomberg
EU leaders will try to revive efforts to complete a banking union plan today after the fallout from Silicon Valley Bank and Credit Suisse. ECB
UK households ‘spent 12% more on essentials in February than year earlier’ – The Guardian
Inflation and rising bills mean UK households are spending 12% more on essentials than they were a year ago, with almost four in 10 people