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Silicon Valley Bank UK sold to HSBC for £1
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fnlondon.comHSBC has bought Silicon Valley Bank UK for just £1 in a dramatic rescue deal for the failed technology lender.
SVB UK customers will be able to access their deposits and banking services as normal, according to a government statement issued early on 13 March, after officials spent the weekend scrambling to stem the fallout from the collapse.
“The...
Read more on fnlondon.comAbout this in other media
Silicon Valley Bank’s collapse will not be a one-off – a banking crisis was long overdue theguardian.com /1 year ago
Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue theguardian.com /1 year ago
The SVB debacle has exposed the hypocrisy of Silicon Valley theguardian.com /1 year ago
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