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Silicon Valley Bank’s UK Business becomes Subsidiary Bank
Erin Platts, CEO of Silicon Valley Bank UK & Head of EMEA, discusses the progress of Silicon Valley Bank in the UK, the significance of the bank recently completing its subsidiarisation process, how their broad range of customers are coping with the current climate today and how the bank is driving innovation and value beyond funding and financial services.
Uninsured depositors in focus after Silicon Valley Bank closure
CNBC’s David Faber joins ‘Closing Bell: Overtime’ to discuss what to expect over the weekend following the closure of Silicon Valley Bank. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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Bids pour in to buy British arm of Silicon Valley Bank
A number of bids have been made to buy the British operations of Silicon Valley Bank, the US lender which collapsed last week.
Read more here: https://news.sky.com/story/hsbc-emerges-as-last-ditch-white-knight-for-silicon-valley-bank-uk-12832521
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Silicon Valley Bank UK sale to HSBC ‘protects customers and taxpayers’, says Chancellor
Jeremy Hunt says the sale of the UK arm of collapsed US lender Silicon Valley Bank to HSBC will protect customers and taxpayers.
The government and the Bank of England stepped in to “facilitate” a sale of SVB UK after its failure last week marked the biggest bank collapse since the financial crash.
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Read more here: https://news.sky.com/story/hsbc-buys-silicon-valley-bank-12832697
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HSBC on brink of rescue of Silicon Valley Bank UK
HSBC Holdings is on the brink of a deal to rescue Silicon Valley Bank UK after a last-ditch agreement that will avert the lender’s insolvency.
Sky News has learnt that HSBC is preparing to announce, alongside the government, that it has struck a deal to acquire the stricken bank.
Latest: https://trib.al/ulfsZ5X
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