The Latest Breaking News from SVB UK

A small army worked through the weekend to ensure 3,500 UK customers – largely tech firms – still had cash on Monday

Rescue of Silicon Valley Bank’s British arm followed fears sector would be plunged into crisis

The market still appears to be hunting for weakness among some smaller U.S. banks and even across Europe after U.S. authorities stepped in to guarantee deposits at Silicon Valley Bank. This makes little sense: There should be no snowballing of runs on banks. But profit expectations could be trimmed at…

The 11th-hour sale was agreed after all-night talks between the Government and the Bank of England.

A weekend of high political drama ends in a rescue deal that leaves fast-growing sector safe in the City

THE UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to…

Chancellor Jeremy Hunt said deposits will be protected

Chancellor says SVBUK customers should 'feel reassured by the strength, safety and security' of HSBC

Banking giant HSBC has stepped in to rescue the UK operations of tech sector lender Silicon Valley Bank.

Takeover arranged by government is likely to save British startups from big losses after US bank’s collapse

Silicon Valley Bank UK has been sold to HSBC, in a deal that protects depositors’ money, says Treasury and Bank of England after weekend talks