Fed says it failed to take forceful action on SVB The US central bank issues a review of its failures ahead of the collapse of Silicon Valley Bank. Source
ExxonMobil reports record first-quarter profits of $11.4bn The energy giant says the profits came despite paying about $200m (£160m) in windfall taxes in Europe. Source
UK games sector wanted Microsoft deal, says Sir Ian Livingstone Sir Ian Livingstone says he hopes a settlement can be reached for Microsoft's takeover of Activision. Source