Sri Lanka has secured a $2.9bn bailout from the International Monetary Fund as it faces its worst economic and social crisis since independence. A day after UBS Bank brought Credit Suisse out of financial trouble uncertainty in the markets have calmed down. The former finance Minister of Canada Joe Oliver gives his take on if politicians can have much influence on a financial crisis... China's leader Xi Jinping showed the importance of close relations between Russia and China at a dinner hosted by Vladimir Putin on Monday. This comes days after an international court called for the Russian president's arrest for war crimes in Ukrain.

Banking stocks remain under pressure in London and across Europe today after the takeover of Credit Suisse by rival Swiss bank UBS failed to calm markets. Will Bain talks to companies affected and financial experts about the implications for the global financial system.

Half a trillion dollars have been wiped from the value of bank shares around the world as financial shocks dived this week. The fallout is ongoing after the collapse of Silicon Valley Bank (SVB) spreads through global markets. The authorities are stepping in to get the situation under control, but some deposit holders are still feeling nervous. For now, many analysts say they think the shock will be contained.

Another bank bail-out has taken place this week. 11 giant US financial institutions said they will deposit $30 billion dollars in California’s First Republic Bank, to try to revive it from a whirling financial storm. Familiar names like J.P. Morgan and Citi are among those institutions which join the unusual bail-out campaign. US treasurer Janet Yellen reassured markets that banks in the US are still strong and healthy. The French government strongarmed their lawmakers to push its controversial pension reform package through on Thursday, sparking another wave of protests in many cities. The unions are now calling for another national strike next Thursday. Will President Macron back down again?

Another bank bail-out has taken place this week. 11 giant US financial institutions said they will deposit $30 billion dollars in California’s First Republic Bank, to try to revive it from a whirling financial storm. Familiar names like J.P. Morgan and Citi are among those institutions which join the unusual bail-out campaign. US treasurer Janet Yellen reassured markets that banks in the US are still strong and healthy. The French government strongarmed their lawmakers to push its controversial pension reform package through on Thursday, sparking another wave of protests in many cities. The unions are now calling for another national strike next Thursday. Will President Macron back down again?