It will be interesting to see who else is struggling as I doubt svb are the only bank that went long duration to try and eek out some yield. Here in the UK the

It will be interesting to see who else is struggling as I doubt svb are the only bank that went long duration to try and eek out some yield. Here in the UK there was a pretty explicit choice to watch medium sized (still huge for a mere human like me) banks fail but to bail out large ones. I guess that's fine from a short term, pragmatic sense. Not sure what it does for long term competition but c'est la vie. I believe bailouts are usually kept secret as telling anyone (a) makes banks less likely to ask for one and (b) then causes a run pushing up the cost of the bailout. The conspiracy theorist in me wonders who has been given a below-inflation "loan"...