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FTSE 100 Live: ONS unemployment rate data, Close Brothers results

Recap: Yesterday’s top stories

Good morning. Here’s a summary of our top stories from yesterday.

The UK arm of Silicon Valley Bank was rescued by HSBC for £1 in an eleventh-hour deal. Read an explainer on the demise of SVB here.More than £50billion was wiped off the FTSE 100 yesterday amid a sell-off in banking stocks.FTSE 250 insurer Direct Line swung to a loss for 2022, after it took a hit from its biggest ever amount of claims relating to bad weather as well as the rising cost of car repairs.

Today we’re expecting results from:

Yu EnergyVirgin WinesClose BrothersTP Icap

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