2023-03-14
Quick action by @Jeremy_Hunt and @RishiSunak has protected the Scottish and UK Tech sector and the hundreds of Scottish jobs and businesses that rely on it. https://twitter.com/...
New York Times
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Quick action by @Jeremy_Hunt and @RishiSunak has protected the Scottish and UK Tech sector and the hundreds of Scottish jobs and businesses that rely on it. https://twitter.com/...
Reuters
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Sale Facilitated by Government, Bank of England Tweets: Jeremy Hunt / @jeremy_hunt : This morning, the Government and the Bank of England facilitated a private sale of Silicon Vall...