Higher interest rates have brought America’s bankers both ruin and riches. Less than a year ago rising rates caused Silicon Valley Bank and then First Republic to fail， the largest bank collapses since 2008. Yet on January 12th JPMorgan Chase reported its seventh consecutive quarter of record net-interest income. One reason the crisis did not spread in 2023 is that the Federal Reserve contained it with a new—and generous-loan programme. Unfortunately， that has come at a cost that the Fed should have foreseen. Thanks to another turn in the interest-rate outlook， its intervention has mutated into a free-money machine for any bank brazen enough to exploit it.
allow sb / sth to do sth:People aren’t allowed to eat food on the underground in Nanjing.在南京，地铁上禁止人们吃东西。
it happens that / as it happens:It so happened that I had no money on me. =As it happened， I had no money on me.
初中英语2000个固定搭配（一）Aability to do sth 做某事的能力be able to do sth 能做某事What about ...? ……怎么样？How about ...? ……怎么样？
