SVB collapse symptom of 'easy money' over systemic banking issues

While many have asked whether the largest bank failure since the Global Financial Crisis portends a second similar event, most argue the idiosyncratic nature of SVB's business is to blame for its collapse, rather than systemic issues in the banking situation. This morning (13 March), HSBC bought the firm's UK arm, purchasing SVB UK for £1, along with all its liabilities, a move which had been brokered with the support of Chancellor Jeremy Hunt and Prime Minister Rishi Sunak. As a result, all depositors of SVB UK had access to their deposits and banking services restored, with no taxpayer...