Ousted Persimmon boss sets up new venture with his wife Exclusive: Jeff Fairburn, who was forced to leave housebuilder after outrage at £82m bonus, registers ‘credit granting’ business
Decision on interest rate rise on knife-edge amid banking crisis fears While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much
Jobs at risk after UBS takeover of Credit Suisse; FTSE 100’s biggest rally of 2023 – as it happened UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts, while bank shares are recovering today on both sides of Atlantic
Thousands of UK jobs at risk after UBS takeover of Credit Suisse Investment banking roles expected to be worst hit at Credit Suisse in London
To prevent more bank runs, the Fed should pause rate hikes Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way?
Until bankers have more to lose themselves, collapses like SVB and Credit Suisse will keep happening Those at the top need to have skin in the game – and know that risky decisions they make will affect them too, says economist Natacha Postel-Vinay
First Republic’s shares crash more than 46% after downgraded credit rating The US bank may need to raise more funds despite a $30bn rescue last week
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders
Investors consider legal action over Credit Suisse deal; Downing Street says UK banking system is safe – as it happened Holders of riskier AT1 bonds, which are wiped out under deal with UBS, consider legal action.
What are AT1 bank bonds – and why are Credit Suisse’s wiped out? Global banking system is under pressure amid row over who should lose out first when a bank struggles
Swiss solve one problem at Credit Suisse, but create another for bondholders Decision over bonds rips up convention and could undermine confidence in banking system
Bonds were seen as a safe haven – but they are central to this bank crisis Troubles at Silicon Valley Bank and Credit Suisse are due partly to impact of rising interest rates
Explainer: are we in a banking crisis? The below-market sale of Credit Suisse has spooked investors but other markets have held up well and central banks are working to keep money flowing
UBS agrees to takeover of stricken Credit Suisse for $3.25bn Swiss government forces through takeover at well below market value amid fears of global banking crisis
Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks