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British Banking

Observation: Gordon Browne in Washington, D.C.
Observation: Gordon Browne meets with all the regulars AND Bernanke.
Observation: Browne was a senior (the most senior?) British financial official for 10 years.
Observation: The Pope's visit has kept the Browne visit out of the papers.
Observation: Bank of England grudgingly admits financial intervention might be required.
Observation: USSP5 swaps spiking significantly.
Observation: It's Friday, meaning two day lull in markets for crisis management.

DealBreaker's Exclusive "Comically Thin" Prediction(tm): Major British Bank/Fund Failure/Rescue Imminent.


Bonus Watch '16: British Banks

HSBC takes the lead, while RBS defies the odds by having any money at all to distribute.