Excellent OpEd by Amit Seru @StanfordGSB on the new banking crisis. The deposit funding model is broken. We need to significantly increase the reliance of banks on equity. "It is time to move to banking without subsidised deposits " https://on.ft.com/3paPXgT via @FT

🐦🔗: https://n.respublicae.eu/lugaricano/status/1654106093084196865