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Cladding crackdown, the collapse of SVB and Xi Jinping

The News Meeting

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Is the SVB Budget a Bigger Story Than the UK Budget?

SVB collapse has become another battle in the culture war with all these accusations that it's a woke bank. To be honest, the budget was relatively timid by budget standards. I think there is absolutely a need for alternative lenders. But some of the commentary is that the bank's kind of culture and desire to fulfill sort of a quest for ESG type policy was a distraction from making the sound.

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