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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

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