• Deposits will likely be protected, with no taxpayer help
• The announcement supersedes assertion that supposed to mark SVB UK as bancrupt
• No different UK banks are straight materially affected by these actions

The excellent news right here is that no less than the BOE will not must resort to Fed-style intervention to take care of the fallout domestically. We also needs to possible see a sale happen within the US too within the coming days to arrest the fallout much more.