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Bid launched to save Silicon Valley Bank's British division

It came as the Government scrambled to limit the fallout from the crisis at SVB, which threatens to destabilise swathes of Britain's tech sector. The Bank of London, founded just two years ago, is a relative minnow compared with the likes of Barclays and Lloyds - which have reportedly also been sounded out over bids. But it was the first to put forward a proposal to be considered by the company's board as well as the Treasury and Bank of England amid fast-moving events following SVB's demise last Friday.

The tax system should incentivise us to save for our own retirement. I hope Hunt fixes it.

TV's Nicholas Owen talks to ME & MY MONEY

Investment as we have come to know it is about risk and reward but what if there isn’t a reward just deception and greed? These last few years have been challenging on an economical level due to the entire pandemic and quarantine resulting in the closure of businesses and loss of employment resulting in turning lots of individuals and family’s looking for alternative sources of income exposing them to being preyed upon by fraudster posing to be rending financial aid. An extensive criminal network involved in fraud, and money laundering has been dismantled in an international simultaneous raid across 6countries.

My smart meter was installed with electrics left in what's called 'reverse polarity', or 'hot-neutral reversed'. It was a matter of luck I was not killed.

With March traditionally being one of the busiest months for showrooms, we've contacted every mainstream brand to find out the current situation with delivery delays on their car ranges.

Workers have no say over which provider they hold their pension in. And most are unaware there are huge differences between the best and worst pension schemes.

Millwall fans, who bought plaques or stones to remember departed loved ones when they visit the Den, have been left bitterly disappointed by a supplier.

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RUTH SUNDERLAND: Small banks, big trouble?

So when the Bank of England tells us Silicon Valley Bank has a 'limited presence' in the UK and that it is 'not critical' to the financial system, those words should be taken with a high degree of scepticism. What the Bank says is true, but it doesn't mean there isn't a serious problem: there is. At first sight, it seems unlikely to be the catalyst for a re-run of 2008 though it is always dangerous to be too sanguine. There are two immediate issues. First, the impact on the UK’s tech sector; and second, the possibility of contagion or of other unexploded bombs in the financial system.

The figures are startling: in the 1990s, more than half of all shares listed on the LSE were owned by UK pension funds and insurance companies. In 2000, it was less than 40 per cent.

Supporters believe the shares could more than double from the current price of £2.43 and Unilever retains a near 10 per cent stake in the business. Buy.

As Chancellor dusts off the red box, how to Budget-proof all your finances

Financial commentators are predicting that this will be one of the more muted Budgets we've seen for some time. But Budget statements often defy expectations. No one foresaw former Chancellor Kwasi Kwarteng's so-called mini-Budget last year, which rocked debt markets and pension funds. The shockwaves are still being felt by millions of homeowners facing higher mortgage costs. So it pays to keep an eye on what Hunt sets out this week. Here is our forecast of what could be in the Chancellor's red box - and how you can Budget-proof your finances for whatever it throws at you.

Buying top-ups can be very valuable, but people are often unsure if this will be worthwhile depending on what they have paid so far, and if it is which years to purchase. Read our guide here...

My mortgage is set to run until I am 71 but I would like to pay it off sooner - particularly as my fixed rate will probably rise later this year when I remortgage.

State pension Universal Credit cover-up: DWP admits records 'still not fixed'

A This is Money probe exclusively revealed many National Insurance records are riddled with holes, and the Government had dodged our attempts to uncover the scandal. Lost NI credits can mean pensioners face state pension shortfalls in retirement unless they are fixed in time. The Government was forced to come clean about errors after Liberal Democrat Work and Pensions Spokesman Wendy Chamberlain MP, pictured, demanded answers in Parliament. Employment Minister Guy Opperman, pictured, confirmed our report that people on Universal Credit are only having state pensions records manually corrected as they reach state pension age.

Storm over Bollywood firm Eros's new bond deal

The proposals have provoked anger from investors and US Bank, one of America's largest banks, has resigned as trustee of the bond. Eros is run by the Lulla family, one of India's best-known business dynasties. But the firm has faced criticism here after failing to pay bondholders' interest when it was due and keeping them in the dark about its financial position. Now the Lullas are offering investors a deal - 60p per £1 on half their bonds, with the remaining bonds rolled into a new transaction that will not be repaid until 2026, rather than next month.

He was befriended online by someone pretending to be a well-known Youtuber - but they soon took over his Paypal account and spent thousands. Why did the payments firm allow this to happen?

LIONTRUST UK SMALLER COMPANIES: Fund still king of jungle

The managers do not invest in unquoted stocks, only pick profitable businesses that have their head offices based in the UK - and like the executives of their chosen holdings to have 'skin in the game' (own shares in the businesses they run). They are exacting standards which restrict their choice of investments to around 400 companies. But they have helped deliver some solid long-term results for investors.

We take a look inside five thatched cottages to rent on Zoopla

All of the properties in our list have thatched roofs and can be rented for between £850 and £2,250 a month. Pictured (from centre and then clockwise from top left) are: A five-bedroom cottage in Woodbastwick available to rent for £2,250 a month, a one-bedroom cottage in Milton Malsor to rent for £850 a month, a three-bedroom cottage in Tewkesbury to rent for £1,950 a month, a three-bedroom semi-detached house in Blandford Forum for £1,200 a month and a four-bedroom house in Hollacombe for £1,550 a month.

House prices have started to fall annually for the first time since the early months of the pandemic. We discuss why this is happening, and whether it is a bad thing.

Environmental concerns are the greatest driver of change with over half (54%) of respondents saying their worries have led them to consider increasing the energy efficiency of their homes.

These are the best cash Isa rates you can get at your high street bank

No matter how badly the big banks pay their savings customers, many of them continue to stay loyal. Whether it be down to trust, inertia or convenience, lots of people simply prefer to keep their savings with the same provider they bank with. While the high street banks have many appalling savings rates, they do also offer deals that are at least competitive - and, in some rare cases, even close to market leading. Here we compare the best - and worst - cash Isa deals on offer at the six of the biggest high street banks.

You'd like to imagine that when it came to the state pension, you'd be dealing with a more robust system than the average customer service nightmare. Maybe not.

Blue Whale's manager on ChatGPT, Meta and an energy stock for growth

Blue Whale's strong early years performance landed it a spot in many investors portfolios, but as growth stocks suffered last year so did the fund. Manager Stephen Yiu joins Simon Lambert on the Investing Show to discuss the Blue Whale Growth Fund's performance and holdings. He explains why he no longer holds any of the FAANG shares but does back Microsoft and what made him pick energy stock Canadian Natural Resources.

Hybrid cars: What you need to know and when they will run out of road

Hybrid cars are often seen as a steppingstone between traditional combustion engine motors and fully electric vehicles. However, the days of the hybrid vehicle are already numbered, as most are set to be banned from sale in 2030 alongside petrol and diesels. Here's everything you need to know about hybrid cars, from the different types, their pros and cons, which hybrids are most (and least) economical and the UK's best sellers.

Chancellor in crisis talks on Silicon Valley Bank meltdown

The sudden collapse of SVB's US parent sent shockwaves through global markets as it became the largest bank failure since the 2008 financial crisis. SVB's British arm will be put into insolvency by the Bank of England unless there are significant new developments. Officials at the Bank are scrambling to find a buyer in order to minimise disruption to business customers and the risks to the financial system.

The demerger will be the latest move by Melrose after it snapped up engineering giant GKN for £8.1billion in a viciously fought takeover in 2018.

The FCA has also been told to spell out the enforcement work it will be undertaking to identify investment companies guilty of 'greenwashing'.

BP's chief executive Bernard Looney and Emma Walmsley, who heads GlaxoSmithKline, scooped a combined £18.5m for 2022.

The most viewed homes for sale on Rightmove revealed

We take a look inside the top five most viewed properties for sale on Rightmove, including a two-bedroom flat that featured in TV's 'Amanda & Alan's Italian Job'. PIctured (clockwise from centre and then top left) are: A six-bedroom house in West Yorkshire's Ferrybridge Road, a three-bedroom house in Cornwall's Fowey, a two-bedroom flat in Italy's Sicily, a six-bedroom house in Glasgow, and a six-bedroom house in West Yorkshire's Briestfield.

In total, 3,825 insurance claims were accepted by Aviva in the five years between 2018 and 2022 by pet owners whose dog had caused significant damage at home.

A four-bedroom home has become one of the most expensive properties sold on Millionaire's Row after a businessman bought a  waterside bungalow sold for a record £13.5million.

Has Britain avoided a recession? All eyes turn to Spring Budget

Britain may be set to avoid a recession entirely after growth surpassed expectations in January, despite a backdrop of stubbornly high inflation, industrial action and rising interest rates. Attention now turns to next week's Spring Budget with Chancellor Jeremy Hunt armed with better-than-expected economic data and potentially greater flexibility to unleash growth-boosting policies.

This is Money exclusively revealed the phone gridlock last month , and the Government said a few days ago said it might accept late payments on a case-by-case basis.

The rising cost of borrowing could leave some buyers of investment trusts nursing heavier losses and a sharp fall in income. We explain what you need to know.

Ferrari's first four-door family car driven: We test the £313k Purosangue

The new Purosangue - whose name means thoroughbred - is the Italian supercar firm's first sporty higher-riding all-wheel drive crossover priced from £313,120 on the road. We've been to the car's official global launch event in the Italian Alps to find out if Ferrari has managed to blend family-living practicality with ferocious supercar performance.

EXCLUSIVE: The Institute of Motor Industry warns that EVs have a higher MOT failure rate for worn or damaged tyres. And if these go unchecked for up to four years, it could increase risk on the road.

How to make a fortune on second hand furniture: Meet the DIY fixers

A growing band of savvy bargain-hunters are turning transforming old chairs, sofas, tables and wooden furniture into desirable pieces - and netting a tidy profit on the side. Brenda Melaniphy, 37, and her partner Stuart Cooper, 38, (pictured) from Littlehampton, West Sussex, have been turning vintage furniture into profit for a year.

The HSBC Global Money Account, plugged in a new advert by actor Richard Ayoade, is a 'no brainer' for existing customers, says one industry expert.

The closely-watched estate agent survey said house prices remain lower and look set to remain so for the rest of the year - but to a lesser extent than previously forecast.

Could you afford your mortgage now? Rising rates hit affordability

The rapid rise in mortgage rates over the past year has dramatically reduced the amount that people can borrow based on the same monthly payments. The size of mortgage that a £1,200 monthly payment secures now with average rates above 5 per cent is much smaller than when rates averaged about 2.5 per cent. What are the implications of this and how big a mortgage could you get now?

Can I inherit state pension from either of my two late wives?

My first wife died in 2003 at 59 years old and sadly this was a few months before her 60th birthday and the point she would then have been able to claim her state pension. I went on to marry again in 2020 but sadly my wife died a few months later at the age of 77. I also wonder if I should have been eligible to inherit any of my second wife's state pension. I would be very grateful for any advice before exploring further with the Pensions Department.

A new wave of savings platforms have emerged in recent years which help savers keep track of their accounts more easily and move money into better rates after signing up.

Classic Mini locked in a garage since 1990 heads to auction

Classic car hunters were located to the car's whereabouts for the last 33 years, which was a brick garage in the village of Prestwood, which is between Aylesbury and High Wickham. Still sporting the dust-covered signs of three decades of neglect, the 1970 Mini 1275 GT will be offered to the highest bidder at the Classic Car Auctions sale at the Practical Classic Car and Restoration Show at Birmingham's NEC over the weekend of 25 to 26 March.

With the ban on sales of new petrol and diesel cars just seven years away, 32% of motorists said they will never buy an EV and will instead keep running combustion cars until they stop driving for good.

When it comes to where you live, insurers consider factors such as theft risk and the statistical chance of floods and crashes in order to set premiums.

Tricks to squeeze thousands more miles from your Avios points

Millions of us collect them to get discounts and upgrades on flights. But how many of us are squeezing the maximum value out of Avios points? The experts say few collectors truly know the best ways to use their pots -which vary depending on how many points you've racked up over the years. Here, three points pros reveal how to get the most bang for your buck...

Best cash Isa rates 2023: Our pick of the five top deals

Although cash Isas don't currently offer fantastic rates, it is still worthwhile opening one to shield money away from the taxman. This is Money picks our five favourite cash Isas for savers in 2022 - essential reading to help you choose a top savings account for your money. This page is kept up-to-date throughout the year - bookmark it for the very latest developments.

Dividends can bring great returns, particularly if you keep reinvesting them - but the Government inevitably wants its share of this wealth.

Savers with some of the UK's big banks could more than quadruple the interest they are earning by moving their cash Isa to another provider. We look at the best deals.

Wrecked home on one of London's priciest roads for sale for £22.5M

The six-bedroom property sits in almost an acre of land at the end of Compton Avenue, a private tree-lined road in North London. The house overlooks Highgate golf club, and has a gated driveway that is overgrown with weeds. The overgrowth has also spread across the front of the white house and across the windows. The property is for sale for £22.5million and is being sold by Bargets estate agents.

Become Clarkson's Farm's neighbour: Three homes for sale in Chadlington

We pick three properties for sale in the Cotswolds village of Chadlington that features prominently in the latest series of TV's Clarkson's Farm. Pictured (clockwise from left) are: A four-bedroom semi-detached with a price tag of £700,000, a three-bedroom cottage that is on the market for £590,000, and a three-bedroom cottage with an asking price of £645,000.

We look at how much common car and home insurance add-ons add to annual premiums - as well as the potential cost of being uninsured if something went wrong.

Britons planning to improve the energy efficiency of their homes are being warned to do their research before using spray foam insulation, in a new guide by the Rics.

Are recruiters worth it? BANK ON DAVE replies

I run my own small manufacturing business. As you can imagine it has been a really tough few years, with the pandemic, energy costs, and rising interest rates on my own mortgage. I want to start hiring more senior employees. Should I look at a recruiter or is it too expensive? Our business doctor Dave Fishwick replies.

Why aren't first-time buyers prospering from the buy-to-let sell off?

As a person trying to rent at the moment, I'm finding the competition for every property near-on impossible. I've been reading that increasing numbers of buy-to-let landlords have been selling up meaning there are fewer homes for renters, which is causing rents to rise. But I don't understand how this makes any sense. If landlords are selling up, surely these homes are either being purchased by new landlords or by first-time buyers and therefore should be taking some of the demand out of the rental market?

Flood warnings have been put in place for parts of the country this week - but research suggests many homeowners are oblivious to the risk of severe water damage.

The new '23' number plates the DVLA has banned

EXCLUSIVE: The new '23' number plate launched for vehicles registered from the beginning of this month. But while a new registration plate means - usually - a boost in sales, it also triggers the Driver and Vehicle Licencing Agency into action to ban a slew of potentially rude and offensive combinations that can be created using the new digits. This year, the likes of D23 UGY, EU23 OFF and UA23 ASE have all been pulled from availability, carwow exclusively revealed to This is Money today after conducting a Freedom of Information request.

Who pays £600m bill for switching to new funds that really are green?

New regulations, to be finalised this July by the Financial Conduct Authority, could result in hundreds of green investment funds being declassified as the regulator clamps down on greenwashing - the cynical marketing of a fund as green when it isn't. Those investors caught in such mislabelled funds will face a stark choice - to stay put and compromise their principles; or switch to an alternative fund that meets the FCA's new criteria. Investment manager Alan Miller, who has led the way in exposing greenwashing across the investment funds industry, says investors should not have to bear the cost of any switching - or resulting tax charges such as capital gains tax.

Of the 472 funds and trusts with a performance record stretching back to 1999, when Isas launched, just 50 would have made you a millionaire from investing your full allowance each year.

What happens when classic cars sell for too much?  JOHN MAYHEAD explains

How common is it for bidders to go dramatically over pre-sale guide prices when bidding on a classic car? And what does it do to the rest of the market? Hagerty's John Mayhead explains all in this guest post.

How to make the most of saving and investing into an Isa: TiM podcast

There's not long left until the end of the tax year - and that means it is time to sort your Isa if you haven't already. On this Isa saving and investing special podcast, Georgie Frost and Simon Lambert talk all things Isas - from finding the best saving rates, to how to invest and how to boost your chance of investment success if you already have a stocks and shares Isa.

Best stocks & shares Isas: Pick the right investment account

Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

Buy-to-let lost some of its spark in recent years but that might be about to change as new tax cuts and low mortgage rates have caused landlords to flock back to the market.

Mortgage rates have risen rapidly over the past few months thanks to uncertain economic conditions in the UK, but they are now slowly falling.

If you are interested in buying shares or know more about unearthing good companies and valuing them, read our guide to share investing.

It can seem a little overwhelming keeping up to date on what is going on with our energy bills, but as prices soar, This is Money takes a look at all of the essential things you should know about.

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