How banking panic could hit London

<p>Thousands of City jobs are at risk after UBS confirmed a takeover of its arch-rival Credit Suisse in a £2.6 billion deal. Credit Suisse is the most significant recent failure of a 'crisis of confidence' that has also seen the collapse of Silicon Valley Bank in the US - sparking concern over the global banking sector.</p><br><p>The Evening Standard’s Financial Editor, Simon English, explains the significance of the latest developments and what this all means for London as well as for you.</p><p><br></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>