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Kevin McCarthy kickstarted talks with the White House, but his proposal may not even have the Republican votes to move forwardAs hundreds of millions of Americans faced a deadline on Tuesday to file their annual tax returns, Congress continued to squab…
Thomas under scrutiny after accepting luxury giftsSign up to receive First Thing – our daily briefing by emailThe Democratic chair of the Senate judiciary committee has asked chief justice John Roberts to testify on 2 May about the court’s ethics, foll…
Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banksPolitical fall-out in the US from the collapse of Silicon Valley Bank continued on Sunday when leftwing Senator Elizabeth W…
Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concernsSilicon Valley Bank’s parent company files for bankruptcyCredit Suisse hit by legal action from US investorsCredit Suisse shares came under renewed pressur…
The central bank has lent about half as much aid as it did during the 2008 crisis as banks rush to shore up their financialsCash-short banks have borrowed about $300bn from the Federal Reserve in the past week, the central bank announced on Thursday.Ne…
Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to riseThe collapse of Silicon Valley Bank could just be the start of “a “slow rolling crisis” in the US financial system with “more seizu…
Probes announced in the UK and US over failure of California lender as financial markets recovered from Monday’s turmoil Inquiries into the collapse of Silicon Valley Bank (SVB) and its UK arm have been announced in Britain and America, as financial ma…
Given the antipathy towards Wall Street bailouts in the 2008 crisis, Biden is at pains to stress that ‘no losses’ will be borne by taxpayersWhen is a bailout not a bailout? It’s a question many people are asking after the dramatic collapse of Silicon V…
President reassures Americans ‘banking system is safe’ as US government announces plans to stabilize situationSign up to receive First Thing – our daily briefing by emailRepublicans reacted to Silicon Valley Bank’s collapse by avoiding the question of …
Announcement comes as Signature Bank was closed on Sunday by regulators – the second to fail in a weekUS financial regulators rolled out emergency measures Sunday night to stem potential contagion from the collapse of Silicon Valley Bank. The measures …