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Sell and be damned. The Government has faced fierce criticism for proposing a big “Tell Sid”-style sale of part or all of its remaining 35pc stake in NatWest Group. Personally, I cannot see what all the fuss is about.
THE last two weeks’ columns explained the issues with Silicon Valley Bank (SVB), Credit Suisse and Deutsche.
The federal reserve, raised interest rates again, but because of the banking fears sparked by the failure of silicon valley bank, played down expectations of going much higher and said the us economy could stall. its chair said us savers were safe, but wanted answers. we know that svb experienced an unprecedentedly rapid and massive bank run, so this is a very large group of connected depositors, a concentrated group of connected depositors, and a very, very fast run, faster than the historical records would suggest. my only interest is that we identify what went wrong here. "how did this happ...