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Struggling banks on both sides of the Atlantic have scrambled to reassure investors following a flight of deposits sparked by the collapse of US bank SVB and concerns about the health of Swiss giant Credit Suisse, the Financial Times reports. The paper adds that Credit Suisse shares rose 19% – having earlier lost 30% – after it was confirmed that the Swiss central bank would provide a $54bn (£45bn) liquidity lifeline.

Financial Times Front Page 27th of December 2024

The Russian military has been accused of shooting down an Azerbaijani passenger aircraft, sparking controversy and tension as Western nations, including the UK and US, challenge Kremlin denials and highlight the incident’s potential breach of international security.

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Financial Times Front Page 23rd of December 2024

Nick Candy has pledged to help Reform UK disrupt the political landscape by supporting policies aimed at reducing the influence of established parties, with plans to introduce a law on fair donations and the backing of affluent supporters, positioning the party as a formidable force in upcoming elections.

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