2023-03-13
HSBC deal done - Britain's tech sector waking up to some good news https://www.ft.com/...
U.S. Department of the Treasury
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
Exclusive - HSBC lined up as “white knight” to save Silicon Valley Bank after frantic all night talks, involving Sunak, Hunt, Andrew Bailey. Sunak “very hands on” from California. Announcement expected before markets open. https://www.ft.com/...
U.S. Department of the Treasury
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
HSBC deal done - Britain's tech sector waking up to some good news https://www.ft.com/...
Reuters
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
Exclusive - HSBC lined up as “white knight” to save Silicon Valley Bank after frantic all night talks, involving Sunak, Hunt, Andrew Bailey. Sunak “very hands on” from California. Announcement expected before markets open. https://www.ft.com/...
Reuters
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
2022-05-03
New - Remember govt plans to shake up the audit market (after various scandals) and to tighten up regulation on Facebook and Google? Now No 10 message is that Tory govts shouldn't try to legislate their way to prosperity.. https://www.ft.com/...
Financial Times
Sources: the UK has shelved plans to empower the CMA's digital markets unit, announced in 2020, hampering its ability to set rules and impose fines
Government not expected to include legislation to beef up CMA's digital markets unit in Queen's Speech — The UK is poised to shelve plans …