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Economy
Topsy-turvy bank rescues bring a whole new area of risk
Banking authorities on both sides of the pond are being commended for learning from the great financial crisis of 2007-2009.Rather than letting troubled institutions go bankrupt – as was the case when Lehman Brothers went under in September…
Brutal start for stocks – but Footsie closes up 0.9%
Brutal start for stocks - but Footsie shuts down as Credit Suisse deal sends investors on a rollercoaster rideBy Calum Muirhead for The Daily Mail published: 21:56 GMT, 20 March 2023 | Updated: 22:23 GMT, 20 March…
Electric car owners with driveways pay £1500-a-year less for charging
Electric car owners with ramps pay £1500 a year less to charge vehicles than those forced to use the public gridBy Leah Montebello for The Daily Mail published: 21:55 GMT, 20 March 2023 | Updated: 22:22 GMT, 20…
Bitter rivals Credit Suisse and UBS in shotgun wedding
A Swiss bank teeters on the brink of catastrophe as ministers and central bankers scramble to arrange a bailout...But this is not yesterday's news, when UBS bailed out Credit Suisse. This was 15 years ago. And it was UBS, not Credit…
Regulators come under fire over Credit Suisse rescue deal
Supervisors under fire over Credit Suisse rescue agreementBy John-Paul Ford Rojas for The Daily Mail published: 21:57 GMT, 20 March 2023 | Updated: 21:57 GMT, 20 March 2023 <!--
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JP Morgan boss Jamie Dimon leads talks to bail out stricken lender First Republic
JP Morgan boss Jamie Dimon is leading talks to rescue stricken lender First RepublicBy Calum Muirhead for The Daily Mail published: 21:56 GMT, 20 March 2023 | Updated: 21:56 GMT, 20 March 2023 <!--
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Credit Suisse? Absolutely not! Two words that cost Saudis £1bn
Absolutely not! Two words that cost Saudis £1bn…after being asked if they wanted to increase their stake in Credit SuisseBy Daily Mail City & Finance Reporter published: 21:56 GMT, 20 March 2023 | Updated:…
MARKET REPORT: Gold miners cash in as precious metal hits record high
Gold producers were on the rise as the price of the precious metal hit an all-time high.As investors worried about the health of the banking system and global economy, gold rose to £1,645 an ounce.That was the highest level ever in British…
Tech jobs cull continues as Amazon axes another 9,000 staff
Tech culling continues as Amazon cuts another 9,000 jobs – laying off 18,000 just two months agoBy Leah Montebello for The Daily Mail published: 21:50 GMT, 20 March 2023 | Updated: 21:50 GMT, 20 March 2023 …
SMALL CAP IDEA: Record gold prices augur boom times for Shanta
The price of gold has hit an all-time high in British pounds as a new wave of banking crises has shaken markets already weakened by inflationary pressures, supply chain chaos and the uncertainties of the Ukraine crisis.At over £1,600 an…