Recently there were a multitude of intriguing discussions surrounding the always-fascinating topic of interest rates. Lisbon, Portugal played host to a meeting of the minds, attracting an array of esteemed individuals from the European Central Banking circles, all gathered to dissect and predict the movement of interest rates.

The bank deposit guarantee scheme is a financial safety net designed to protect depositors' funds in the event of a bank failure. It ensures that depositors have access to a certain amount of their deposits, even if the bank becomes insolvent or unable to meet its financial obligations. This protection is provided by government-backed agencies, which vary by country or region.

The Markets Insider circular in the provided link offers valuable insights, making it abundantly clear that we can expect more banks to fail in the near future. President Joe Biden was swift in addressing the issue, emphasizing that there would be no bailout and that taxpayers' money would not be put at risk during this crisis.