HSBC to buy Silicon Valley Bank UK for £1 in rescue deal

Published on March 13, 2023

Last week, we experienced the second-biggest crash in US banking history since 2008 with the collapse of Silicon Valley Bank (SVB), a bank used by thousands of tech startups. The crash, understandably, sent panic waves throughout the global startup ecosystem, with plenty of concern in Europe about what would happen to startups dependent on the…

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