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Recession off the cards, getting over 50s ‘back to work’, strikes and banks take stock – the five best read stories on City PM this week

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As pension savers and taxpayers looked on, fears of a recession appeared to fade, although the sagas of Silicon Valley Bank and on-going strikes raged on; here are the stories readers were flocking to on City A.M this week

It was the week UK Chancellor Jeremy Hunt laid out his first Spring Budget, but as pension savers and taxpayers looked on, fears of a recession appeared to fade, although the sagas of banks Silicon Valley Bank, Credit Suisse and on-going strikes raged on; here are the stories readers were flocking to on City PM during the week ending 17 March.

One: Recession kicked into long grass as UK steams ahead of Europe and US  

Recession kicked into long grass as UK steams ahead of Europe and US

Two: Over 50s aren’t sick – they’re rich

Over 50s aren’t staying out of work because they’re sick – it’s because they’re rich

Three: Strike chaos hits tube and rail, as well as schools

Tube and rail strikes THIS WEEK: How will industrial action affect London commuters and hospitality?

Four: Silicon Valley Bank shockwaves spread

London banking stocks tumble as Silicon Valley Bank shockwaves spread to HSBC, Barclays and Lloyds

Five: Fed boss Powell’s testimony spooks markets

Wall Street stocks tumble: Why Bank of America and Citigroup have been hardest hit after Fed chair Powell’s testimony