Banks Start Plotting Their SVB Counter-narrative in Washington

Also, FDIC's heated debate over protecting uninsured deposits; some facts on Fed stress tests

A nascent banking crisis? An idiosyncratic episode in an otherwise healthy financial system? It is still way too early to know for sure the consequences of last week’s run on Silicon Valley Bank. But that’s not stopping the legions of banking industry lawyers, lobbyists and trade group executives from sorting out their story – and getting a jump on sett…