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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.

30 Articles

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NewsweekNewsweek
Center

Trump issues dire warning after Silicon Valley Bank failure

The former president's team has also hit back against claims that his deregulation of banking oversight in 2018 contributed to the bank's collapse.

·United States
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Bournemouth EchoBournemouth Echo
Center

Tech sector at 'serious risk' after Silicon Valley Bank collapse says chancellor

Silicon Valley Bank UK will be put into insolvency today and chancellor Jeremy Hunt said the collapse poses a“serious risk” to the UK’s…

·Bournemouth, United Kingdom
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LBCLBC
Lean Right

Offer made for collapsed US bank

HSBC has bought the UK arm of a collapsed American bank as part of a last-ditch rescue deal.

·London, United Kingdom
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The TelegraphThe Telegraph
Lean Right

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

·London, United Kingdom
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Evening StandardEvening Standard
Center

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.

·London, United Kingdom
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The IndependentThe Independent
Lean Left

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.

·London, United Kingdom
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Financial Post broke the news in Canada on Saturday, March 11, 2023.
Sources are mostly out of (0)

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