Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday after an hours-long technical glitch that also halted many of the bank's online services, the Associated Press reported. The outage allowed some customers to transfer and withdraw funds “above their normal limits,” the Bank of Ireland said. Customers could withdraw up to €500 ($546) with their Bank of Ireland card, the bank confirmed to the Associated Press on Wednesday.

Basic wages in Britain hit a new record growth rate, figures showed on Tuesday, adding to worries for the Bank of England (BoE) about long-term inflation pressures even after 14 back-to-back increases in interest rates, Reuters reported. Official data showed some fresh signs of cooling in the jobs market with the unemployment rate unexpectedly rising to 4.2% from 4.0%, the highest since the three months to October 2021 and climbing more quickly than the BoE has forecast.

Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency move to try and halt the rouble's recent slide after a public call from the Kremlin for tighter monetary policy, Reuters reported. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars.

Bidders for crisis-stricken retailer Wilko have been given a Wednesday deadline to table offers to buy the firm, The Independent reported. The historic high street chain fell into administration last week, putting the future of its 400 stores and 12,500 workers in jeopardy. It is understood that administrators from PwC have set the deadline as they quickly seek to strike a deal which could save jobs. Wilko is continuing to trade and has not announced any redundancies after formally entering insolvency last week.

Deutsche Bank has settled the loans it extended to Go Airlines out of court with its promoters Wadia Group, people aware of the development said. Go Airlines, which operated Go First Airlines, is undergoing voluntary liquidation, the Economic Times of India reported. Last week, Deutsche Bank conveyed to its resolution professional Shailendra Ajmera and lenders that it wants to relinquish itself as a member of the committee of creditors (CoC) since it has separately settled its debt with the promoter.

Global regulators spent more than a decade trying to ensure that a large bank could fail without any government support. Despite this year’s bank failures, they are still working on it, the Wall Street Journal reported. Global regulators are reviewing the March failures, including Credit Suisse’s collapse and Swiss officials’ decision to push UBS to acquire its rival in a deal with billions of public money, people familiar with the probe said.

Russia's central bank will hold an extraordinary meeting on Tuesday to discuss the level of its key interest rate, it said on Monday, as the sharply weakening rouble prompted calls for higher borrowing costs, Reuters reported. President Vladimir Putin's economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming loose monetary policy in a sign of growing discord among Russia's monetary authorities. The bank, whose key rate is currently 8.5%, had been scheduled to hold its next meeting on rates on Sept. 15.

A Munich-based property developer said on Friday that it had filed to open insolvency proceedings with a local court, in the latest sign of stress in Germany's real estate sector, Reuters reported. Euroboden GmbH, with 115 million euros ($126 million) in bonds outstanding and facing possible downgrades in its credit rating, said in a statement that negotiations for property sales had fallen through, hurting its finances. It also cancelled a meeting with bondholders later this month, where it had hoped to restructure its debt.

A Scottish renewables company, backed by Scottish Enterprise, has been placed into administration as a result of problems with its Canadian subsidiary, Daily Business reported. Edinburgh-based Sustainable Marine Energy (SME), developed tidal energy systems and last year its Canadian business was successful in harnessing tidal currents in the country’s Bay of Fundy, in Nova Scotia, using its innovative, floating platform.

UBS said that it would no longer rely on Swiss government assistance tied to its emergency takeover of Credit Suisse in March, the Wall Street Journal reported. The Swiss bank said that it terminated a roughly $10 billion government backstop that had limited its potential losses on some Credit Suisse assets. UBS also exited emergency liquidity lines the country’s central bank had provided to keep Credit Suisse afloat. UBS bought Credit Suisse after the latter came close to collapsing as customers pulled deposits.