Silicon Valley Bank

Enterprise IT | May 02, 2023

HSBC values Silicon Valley Bank UK at $1.5 billion after £1 buyout

HSBC reported costs of $7.5 billion despite “continued cost discipline” in Q1 2023, which it attributed to “higher spend on technology” as it also revealed a $1.5 billion gain from its £1 Silicon Valley Bank acquisition. The bank's IT leaders are continuing to execute HSBC'

Enterprise IT | May 01, 2023

Federal Reserve's damning Silicon Valley Bank post-mortem cites "textbook case"...

Fed says warns tech may have changed the pace of bank runs, points to "textbook" mismanagement

Enterprise IT | Mar 13, 2023

Silicon Valley Bank UK sold to HSBC for £1, as US regulators also step in

Failed Silicon Valley Bank (SVB) UK has been sold to HSBC for £1 in a major reprieve for the UK's tech startups who faced losing their deposits (over the insured threshold) after its parent company collapsed. "Customers of SVB UK will be able to access their deposits

Enterprise IT | Mar 10, 2023

Silicon Valley Bank fails: Regulators step in

Goodnight, sweet prince.

Silicon Valley Bank

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