https://news.sky.com/story/run-dynam...hours-12707014
I think it's just temporarily delaying the inevitable so the liquidation operation can be completed.The Bank of England's dramatic intervention today was in response to a "run dynamic" emerging in the British pensions system which could have resulted in the collapse of a swathe of institutions within hours, Sky News understands.
That in turn threatened the finances of many major banks, which would have faced severe troubles if those funds had collapsed. more at link
I don't make memes but imagine the Pope's head instead:
(note: the Catholic News Agency article I posted earlier in the thread mentions only one commercial bank. A clue perhaps. This weekend there is more and more gossip that said bank is on the verge of collapse.)
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