On Monday March 13, 2023, the Bank of England announced that Silicon Valley Bank UK Limited has been sold to HSBC UK Bank Plc. The situation remains fluid, and the following Q&A reflects our understanding as of Monday...more
3/14/2023
/ Acquisitions ,
Bank of England ,
Banking Sector ,
Banks ,
Deposit Insurance ,
Depository Institutions ,
Financial Institutions ,
Financial Services Industry ,
HSBC ,
Insolvency ,
Silicon Valley ,
UK
On Friday March 10, 2023, the Bank of England moved to put the UK arm of Silicon Valley Bank into insolvency after it applied for £1.8bn of liquidity as its parent company was collapsing. The situation remains fluid, and the...more
3/13/2023
/ Bank of England ,
Banking Sector ,
Banks ,
Deposit Accounts ,
Deposit Insurance ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Financial Crisis ,
Financial Institutions ,
Insolvency ,
Receivership ,
Silicon Valley ,
UK