Tag: Silicon Valley Bank crisis

HSBC acquires British arm of stricken Silicon Valley Bank

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[ad_1] SVB (Silicon Valley Bank) logo is seen through broken glass in this illustration taken March 10, 2023. Image for representation purpose only. | Photo Credit: Reuters HSBC said on March 13 it is acquiring the U.K. subsidiary of stricken Silicon Valley Bank for £1, rescuing a key lender for technology start-ups in Britain. “This […]

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Silicon Valley Bank depositors will have access to their money starting Monday: Treasury Secretary

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[ad_1] A sign for Silicon Valley Bank (SVB) headquarters is seen in Santa Clara, California, U.S. | Photo Credit: REUTERS In a step aimed at protecting the U.S. economy by strengthening public confidence in the country’s banking system, the Biden administration announced that depositors of the Silicon Valley Bank will have access to their money […]

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