2025-02-17
Excellent further reporting from @journosooz and @PickardJE on how some CMA board members threatened to resign over this. https://www.ft.com/...
Financial Times
A look at changes in the UK's CMA after its chair was forced to resign and the agency tries to reconcile its enhanced powers with government's pro-growth focus
Financial Times : Bluesky: @wavesblog . X: @justin_cash_1 Bluesky: Simonetta Vezzoso / @wavesblog : “The former Amazon executive has had direct experience of the CMA's mergers pro...
2023-03-13
Very very nice, £1 bank. Very very cheap, £1 bank. https://www.fnlondon.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 …
“The HSBC takeover looks like a quick and clean solution,” Sir Keith Skeoch tells me. “However, SVB's issues also provide a timely reminder that at times of stress threats to critical economic services can come from outside the ring-fenced banks.” https://twitter.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 …
Very very nice, £1 bank. Very very cheap, £1 bank. https://www.fnlondon.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.
“The HSBC takeover looks like a quick and clean solution,” Sir Keith Skeoch tells me. “However, SVB's issues also provide a timely reminder that at times of stress threats to critical economic services can come from outside the ring-fenced banks.” https://twitter.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.