Business

The union representing Royal Mail’s frontline staff is on the verge on announcing new strike dates, Sky News understands, should a final push to end their long-running dispute fail. A Communication Workers Union (CWU) source said talks at the conciliation service Acas were scheduled for Thursday but fresh walkouts could be called the following day
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How worried should we be about the banks? It’s a question that’s been hanging over the financial system since the collapse in the space of a fortnight of three moderate American banks, including Silicon Valley Bank (SVB), followed by Swiss behemoth Credit Suisse. The spectacle of regulators, political leaders and bankers spending sleepless weekends managing
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British gambling company William Hill has been hit by a record £19.2m fine by the UK gambling regulator. Three gambling businesses owned by the company will pay the sum for “widespread and alarming” social responsibility and anti-money laundering failures, the Gambling Commission said. The entities who will pay the fines will be paid by WHG
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A buyer has been found for the collapsed Silicon Valley Bank, the bank whose downfall heralded the financial unrest still being felt across the banking world. First Citizen Bank, self-described as one of America’s largest family-controlled banks, has bought SVB from US regulator the Federal Deposit Insurance Corporation (FDIC) which took over the lender earlier
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