May 25, 2023 (NO COMMENTS)

It’s 2007, and UK news channels are broadcasting footage of queues on UK high streets. Some are sat on camping chairs, others distractedly thumb through newspapers. Hours pass as the tense depositors slowly make their way towards the doors of ailing bank Northern Rock, hoping to rescue their savings. In contrast, the collapse of SVB in early March this year was very quick, with the drama being played out on people’s smartphones rather than on the high street. In less than 48 hours, before