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Emeritus Prof Christopher May

You'll have noticed some trouble with 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 & ' 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 financials to buy the UK's SVB operation!

h/t FT