European regulators criticise US ‘incompetence’ over Silicon Valley Bank collapse
Financial Times/Laura Noonan/3-17-2023
“Europe’s financial regulators are furious at the handling of the Silicon Valley Bank collapse, privately accusing US authorities of tearing up a rule book for failed banks that they had helped to write.”
USAGOLD note: One eurozone official called the US bailout of uninsured deposits “total and utter incompetence.”
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