PRESS DIGEST- Financial Times - June 16

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Virgin Galactic set to start commercial space flights this month - US bank regulator begins $460 mln sale of SVB's German assets

- Two of UK's biggest lenders to raise mortgage rates - Boris Johnson condemned for lying to parliament

Overview - Richard Branson-founded Virgin Galactic Holdings said it will finally start commercial space operations later this month, ending a 19-year slog that has been plagued by accidents and technical challenges.

- The U.S. Federal Deposit Insurance Corporation (FDIC) has begun the sale of failed Silicon Valley Bank's German operations, seeking bids by July 19 for the $460 million portfolio of loans, leases and other assets. - NatWest Group and Nationwide Building Society , two of Britain's largest mortgage lenders, said on Thursday they were increasing rates, piling further pressure on household budgets and the British government.

- Former British Prime Minister Boris Johnson has been condemned for lying to parliament over the COVID-19 partygate scandal, in a damning report that casts doubt on whether he can stage a political comeback. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)