Conversation

You'll have noticed some trouble with #SiliconValleyBank last week;

its an interesting illustration of a number of issues (which have been widely discussed over the weekend) but particularly allows us to draw a distinction between #POTUSBiden & #RishiSunakPM' approach to state 'intervention' in such cases:

The US is using its regulatory system to shore up depositors/clients in the crisis...

and the UK; we're trying to get #MiddleEast financials to buy the UK's SVB operation!

h/t FT