UPDATE: HSBC buys the UK division of Silicon Valley Bank for £1
Bloomberg Daybreak: Europe Edition
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Will the US Have to Apply the Fed Program to Smaller Banks?
It looked like no risk, but in fact it was basic poor liquidity management. Will those rules now have to change, then? Will the US have to apply them to smaller banks? I'm sure they'll be quite a quick brush over it. The question is, who's going to pay for that?
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