'Be very vigilant': Bank of England chief says the market is testing banks to identify weakness

Andrew Bailey says Bank of England in period of 'heightened tension' after runs on Silicon Valley Bank and Credit Suisse

The comments come after the takeover of the UK arm of Silicon Valley Bank by HSBC and the merger of Credit Suisse with its rival UBS after its share price plummeted and clients withdrew money.

Bank of England on high alert as investors 'test' banks

Bank of England governor Andrew Bailey has said investors are hunting for "points of weakness" in banking, as fears linger that the crisis in the sector could engulf more lenders.

Bank of England on heightened alert for further banking turmoil

Bank of England says it remains vigilant after US bank collapses spark fears over financial stability.

'Be very vigilant': Bank of England chief says the market is testing banks to identify weakness

Bank of England Governor Andrew Bailey on Tuesday vowed to be "very vigilant" amid ongoing volatility.

SVB collapse was fastest since Barings in 1995, Bank of England governor says

Andrew Bailey says economy is in ‘period of very heightened tension and alertness’ but UK banking system not in same position as during 2008 financial crisis

Silicon Valley Bank collapse was fastest since Barings, says BoE governor

Credit Suisse crisis was ‘drawn out’ compared with SVB demise, Andrew Bailey tells MPs