U.S. regulators sprung into action over the weekend to protect depositors after shuttering Silicon Valley Bank and Signature Bank of New York, part of a series of dramatic steps to prevent a run from spreading to other mid-sized financial institutions. Will it work? The Principals team has a roundup of what you need to know from Washington this morning.
On 2024 watch, Shelby Talcott followed Florida Governor Ron DeSantis’ campaign-like events in Iowa over the weekend, where he pointed to his team’s relative lack of public infighting, drama and “palace intrigue” as a selling point. I wonder who he’s contrasting himself with there.
On the global front, I’m in Doha today at the Global Security Forum and over the weekend interviewed former Trump National Security Advisor Robert O’Brien and Rwanda President Paul Kagame. Both shared some must-read news, which we have in today’s newsletter.
PLUS: Joseph Zeballos-Roig has One Good Text with Jason Furman about what happens to money held in regional banks after this week’s financial earthquake.
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