Published 1 year ago

Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US

Summary by Ground News

Dozens of early-stage tech companies in the UK have warned the chancellor of "an existential threat" to the sector following the failure of Silicon Valley Bank in the US. The Bank of England has said it is seeking a court order to place SVB UK into an insolvency procedure.

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Times of India

Worry for tech startups after Silicon Valley Bank failure

The company previously boasted that "nearly half" of technology and life science companies that had US funding banked with them, leading many to worry about the possible ripple effects of its collapse.

1 year ago·India

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The Independent

PM and Chancellor to meet BoE chief over Silicon Valley Bank UK collapse

The Bank of England announced on Friday that Silicon Valley Bank UK is set to enter insolvency.

1 year ago·London, United Kingdom

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Reuters

UK finance minister and Bank of England work to contain SVB fallout

Britain's finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank , which has been seized by U.S. regulators, the ministry said on Saturday.

1 year ago·United Kingdom

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CNBC

Investors implore the government to step in after Silicon Valley Bank failure

Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.

1 year ago·United States

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The Telegraph

Chancellor could bail out British tech start-ups after Silicon Valley Bank collapse

Companies fear 'existential threat to UK tech sector' as start-ups scramble to find emergency investment

1 year ago·London, United Kingdom

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Shropshire Star

PM and Chancellor to meet BoE chief over Silicon Valley Bank UK collapse

Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are due to hold talks with the Governor of the Bank of England in response to the collapse of Silicon Valley Bank UK.

1 year ago·Ketley, United Kingdom

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