3 w. ago Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – business live

European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowersGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

3 w. ago FTSE 100 slides as US regional bank worries rock markets – business live

Fear index jumps, and European markets follow Asia lower, as bad loan fears hit valuationsGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

3 w. ago FTSE 100 heading for worst day since April as US regional bank worries rock markets – business live

Rolling coverage of the latest economic and financial news, as FTSE 100 share index sheds 150 points in early tradingUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

3 w. ago So who the hell's side are you on? Challenge to Starmer by 'victim' of China spy scandal

A huge political row broke out yesterday over evidence given by adviser Matthew Collins, who told prosecutors that Labour wanted to pursue a 'positive relationship' with Beijing.

Events

3 w. ago 'Who the hell's side are you on?': Labour ministers accused of 'weakening' case against 'Chinese spies' to maintain 'positive relationship' with Beijing

The Prime Minister is mired in a deepening crisis over the role played by No10 in the collapse of the trial of two Britons accused of espionage on behalf of the Communist regime.

Politics

3 w. ago Starmer on rack over China spying case collapse after top security official's witness statement stresses need for 'positive relationship' with Beijing and 'quotes Labour manifesto'

The Prime Minister is mired in a deepening crisis over the role played by No10 in the collapse of the trial of two Britons accused of espionage on behalf of the Communist regime.

Politics

3 w. ago China is a national security threat to the UK, spy case official warned

Labour prime minister Keir Starmer facing questions after witness statements provided for the trial of two men who allegedly spied for China also say government is ‘committed to pursuing a positive relationship’ with Beijing

Events