Nobel laureate Paul Krugman says bailing out SVB was sensible but annoying - and calls for tougher rules to prevent more bank failures

• Paul Krugman framed the government's rescue of Silicon Valley Bank as reasonable but maddening.
• The Nobel Prize-winning economist said the safer option was to guarantee its deposits.
• Krugman underlined the need for stricter regulations to prevent more bank failures.

Paul Krugman has called the US government's rescue of Silicon Valley Bank a sensible but frustrating decision, and pushed for tighter banking regulations to prevent future failures.