Silicon Valley Bank: HSBC rescues SVB UK but market turmoil continues – business live

March 13, 2023

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Silicon Valley Bank: HSBC rescues SVB UK but market turmoil continues – business live

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Ashish http://aco.report

Silicon Valley Bank UK has been sold to HSBC for £1, in a deal that protects depositors’ money says Treasury and Bank of England

Full story: HSBC to buy Silicon Valley Bank’s UK operationsWhy Silicon Valley Bank was so important to UK tech sector

Here’s Sky’s Ed Conway:

Important developments.

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