"on a fully mark-to-market basis, all the UK domestic banks are...

"on a fully mark-to-market basis, all the UK domestic banks are already technically insolvent"


Comparing BNB to the UK banks is not a fair comparison, because ...

1) The banks are not actively trying to sell assets. Technical insolvency is "purely theoretical" unless you the assets are actually for sale.
2) The banks have been bailed out, and will be continued to be bailed out by the UK Gov.



You might convince me that BNB will not go into administration, this time around. You wont, however, convince me that BNB is a quality company, with good future prospects.