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Silicon Valley Bank UK sale to HSBC 'protects customers and taxpayers', says Chancellor
Posted
March 13, 2023
Views
7,935
Likes
55
Comments
56
Engagement
1.40%
March 13, 2023
7,935
55
56
1.40%
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3:39Now PlayingJeremy Hunt says the sale of the UK arm of collapsed US lender Silicon Valley Bank to HSBC will protect customers and taxpayers.
The government and the Bank of England stepped in to "facilitate" a sale of SVB UK after its failure last week marked the biggest bank collapse since the financial crash.
#politics #siliconvalleybank #skynews #skynews
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