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The Bank of England is seeking an insolvency procedure [1] which I figure implies there’s a problem with the UK balance sheet beyond short term issues with liq
by spacebanana7 4y ago
The Bank of England is seeking an insolvency procedure [1] which I figure implies there’s a problem with the UK balance sheet beyond short term issues with liquidity
[1] https://www.reuters.com/business/finance/bank-england-puts-uk-arm-silicon-valley-bank-into-resolution-ft-2023-03-10/ https://www.reuters.com/business/finance/bank-england-puts-u...
- roundandround 4y agoI think they would choose this method to wind it down independent of whether it will ultimately be able to pay out everything. A Bank in the UK being run by the FDIC is probably not what they want.