RE: Economy12 Mar 2023 10:39
Hi Laura,
Banking in an entangled web, the English banks may not have direct money with SVB but some of their customers will, businesses will bank with SVB but will have mortgages with Lloyds etc, the businesses cannot access their money which means they cannot pay staff and their mortgages.
There will be a domino rally and as yet nobody has an idea who will be dragged in, but we will.