Banks at risk – will the impossible become inevitable?

Move along, nothing to see here, was the finance experts view of the collapse of the Silicon Valley Bank, until another couple of banks keeled over, the US government caused consternation by going against practice to bail out SVB depositors and Switzerland had to pony up $45 billion to shore up Credit Suisse. Gerald Baker in The Times points to 2008 parallels with a series of isolated incidents with small hedge funds down in 2007, the run on Northern Rock, Bears Stearns’ collapse in 2