Janet Yellen has talked about the US government offering a 100% Federal government guarantee to all depositors in smaller US banks, of which there are
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Martin Wolf has an article in the FT this morning which is good. First, he says we have a bank crisis, and I agree with
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Danny Blanchflower and I have released this press release this afternoon: Too little, too late, Central bank reaction to the growing global banking crisis is
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That there would be a meltdown in world banking was obvious to Danny Blanchflower and me as we worked on our submission to the Treasury
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The following is an edited extract from the report that Danny Blanchflower and I have submitted to the House of Commons Treasury Committee on quantitative
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As the Guardian has reported this morning: Cash-short banks have borrowed about $300bn from the Federal Reserve in the past week, the central bank announced
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Are Silicon Valley Bank and Credit Suisse the start of a new banking crisis? First there was a run on Silicon Valley Bank in the
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Groupthink is immensely powerful. As I noted yesterday: KPMG issued a clean audit report on the 31 December 2022 accounts of Silicon Valley Bank on
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The US-incorporated Silicon Valley Bank (SVB) failed last Friday. It is not clear what the extent of the failure might be as yet: suggestions are
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