Silicon Valley Bank is largest failure since 2008 crisis with billions stranded
The lender was ranked as the 16th biggest in the US at the end of last year
Business
UK state pensions: later deadline for NI top-ups that can mean £55,000 extra
By plugging gaps in their national insurance record, some people can increase their entitlementPay £800 now and, if you live a long time, get back £5,500-plus in total. If you can afford to hand over £8,000, it could be £55,000 or more. That, in very s…
Biden Ditches Trump’s Air Force One Paint Scheme For Classic Blue-and-White
But the new jets won’t have any polished metal.
Jeremy Hunt’s budget to announce £20bn funding to cut carbon emissions
‘Reset’ of clean energy policy, including small nuclear reactors, is response to Joe Biden’s Inflation Reduction ActThe chancellor is poised to announce a £20bn investment in technology to reduce Britain’s carbon emissions at next week’s budget, in a r…
A major bank failed. Here’s why it’s not 2008 again
The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday.
Biggest Carbon Credit Certifier To Replace Its Rainforest Offsets Scheme
The world’s leading carbon credit certifier — used by Disney, Shell, Gucci and other big corporations for climate claims — has said it will phase out and replace its rainforest offsets programme by mid-2025 after a Guardian investigation found it was…
Silicon Valley Bank assets seized as depositors pull cash
The bank had 209 billion dollars in assets and 175.4 billion dollars in deposits at the time of failure.
US regulators seize Silicon Valley Bank in largest bank failure since financial crisis
California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stoc…
Silicon Valley Bank shut by California regulator
Silicon Valley Bank is the first FDIC-insured bank to fail in more than two years, the last being Almena State Bank in October 2020
Cypriot president pledges 2% of GDP on defense spending
The president of Cyprus says he will earmark 2% of gross domestic product to defense spending in line with other European Union member states as a means to strengthen the east Mediterranean island nation’s foreign policy bargaining power.