You’d be forgiven for having allowed the collapse of the tech industry lender Silicon Valley Bank, earlier this month, to pass you by. Even the news that SVB’s UK operation had been salvaged in a deal brokered by the British government might not have registered too much. But the rescue this week of Switzerland’s second-largest lender Credit Suisse had a more ominous feel to it, a sense of fiscal dominoes cascading slowly into one another.
For our big story this week, Anna Isaac and Kalyeena Makortoff report on a week that brought back anxious memories of the 2008 financial crash, while economics editor Larry Elliott argues that only the era of ultra-low interest rates that followed the previous crash has prevented a further correction happening sooner.
