LONDON — U.K. startups are breathing a sigh of relief Monday, after HSBC announced it would buy a subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank.
"We can look our teams in the eye at 9 o'clock in our all-hands calls, which were going to be pretty nerve wracking this morning, and say, not only will we be able to make next payroll but we can continue business as usual," Toby Mather, CEO of London-based tutoring app Lingumi, told CNBC's ...
HSBC acquires collapsed Silicon Valley Bank's UK subsidiary
London, UK | Xinhua | HSBC, the largest bank in Europe, on Monday said it had bought the United Kingdom (UK) operations of the failed U.S. lender Silicon Valley Bank (SVB) for a single symbolic pound (1.21 U.S. dollar). The move is expected to save many British startups from huge losses.
HSBC buys failed Silicon Valley Bank's UK arm for just 1 pound – ThePrint – ANIFeed
London [UK], March 13 (ANI): The UK arm of failed Silicon Valley Bank has been bought by HSBC Holdings plc for just 1 pound (USD 1.21), HSBC announced on Monday.
“HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1,” HSBC said in a release.
Rising Costs Prompt Delay for UK's HS2 High-Speed Rail | Engineering News-Record
Phase 2a of the HS2 high-speed rail project, which would cover about 37 miles, will be delayed by two years because of inflation and increased costs.
Facing fast rising construction costs, the U.K. government has delayed the next stage of the high-speed railroad project HS2 while casting doubt over timing of the London terminal at Euston.
UK startups breathe a sigh of relief as HSBC buys SVB's British arm for £1 Here's what industry executives had to… https://t.co/cUcIzglloa BloombergTV (from New York) Mon Mar 13 12:05:32 +0000 2023
HSBC, the largest bank in Europe, on Monday said it had bought the UK operations of the failed US lender Silicon Va… https://t.co/2xcsHBRiMc PDChina (from Beijing, China) Mon Mar 13 18:20:00 +0000 2023
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