Recommended insights
US regional banking crisis and the need for deposit insurance
Financial Services
Financial markets and the banking system breathed a sigh of relief on May 1st following news that First Republic, the troubled San Francisco-based lender that had hovered on the edge of failure for days, would be acquired by JPMorgan Chase, the nation’s largest bank, with funding and loss-sharing support provided by the Federal Deposit Insurance Corp. (FDIC). The S&P…
The IRA and GDIP: Much more than just a subsidy war
Financial Services
The Inflation Reduction Act (IRA) has fired the starting gun on what is likely to be a new era of industrial policy around the green transition and, set alongside the CHIPS Act and Bipartisan Infrastructure Law, marks a wide shift in US policy. It has also triggered an anxious response from the EU with the Green Deal Industrial Plan (GDIP), and although they are often…
