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Financial Times - Bank of England consider urgent reform of deposit guarantee scheme

Summary of the front page

The lead story on the front page of the Financial Times says the Bank of England is considering “urgent” reforms to its deposit guarantee scheme following turmoil in the sector last month caused by the collapse of US lender Silicon Valley Bank, which saw billions withdrawn from the firm’s UK entity. 


The paper’s lead image shows smoke rising above the Sudanese capital, Khartoum, after the death toll there rose following a second day of fighting between the army and a rival paramilitary group. Another article on the paper’s front page says that China’s trillion-dollar Belt and Road Initiative has been hit by “spiralling bad loans”.

Today's top stories

‘Search for missing in air pockets’ - Paper Talk

‘Search for missing in air pockets’ – Paper Talk 

Wednesday’s front pages reflect the latest in the luxury yacht sinking off the coast of Sicily as more details have emerged about those missing. Many of the papers report on rescue crews attempting to access the sunken ship with some speculating if anyone could still be alive.

Elsewhere, King Charles is pictured on most of the front splashes as he visited with victims of the Southport victims. The king is seen on the front viewing flower tributes to the three little girls who were killed.

Domestic politics and showbiz stories are sprinkled across the front pages, though there is little unity in their political and celebrity front page reports.

‘Mike Lynch among missing after luxury yacht sinks in Italy’ - Paper Talk

‘Mike Lynch among missing after luxury yacht sinks in Italy’ – Paper Talk

As more details pour out regarding the luxury boat sinking off the coast of Sicily, the story has started to dominate the headlines around the world. In the UK, Tuesday’s front pages are dominated by yesterday’s news that the British tech tycoon Mike Lynch and his daughter are among the six people still missing.

There’s not much coverage of the story on the international front pages, but online – since the news of other prominent figures from banking and tech from around the world are among the missing – the story is becoming more international.

Away from the yacht sinking, a few UK papers feature showbiz and royal stories on the sidebar. A few of the papers lead on other domestic topics – mostly politics.

Last night’s Premier League draw between Leicester City and Spurs dominates the back pages.

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