UK races to minimise damage from Silicon Valley Bank collapse
British finance minister Jeremy Hunt says he is working on a plan to "avoid or minimise damage" from a collapse of the UK arm of Silicon Valley Bank. "The government is treating this issue as a high priority," Hunt said. "We will bring forward immediate plans to ensure the short term operational and cashflow needs of Silicon Silicon Bank UK customers are able to be met"
Published 3 months ago · London, United Kingdom
Britain battles to limit SVB damage as would-be buyer for UK arm steps in
A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout for companies from the bank's demise.
3 months ago·United KingdomRead Full Article
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