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Tag: Silicon Valley Bank

Tag Archives: Silicon Valley Bank

14Mar/23

Silicon Valley Bank: how interest rates helped trigger its collapse and what central bankers should do next

March 14, 2023FinanceBank, Banking, Central bank, Charles Read, Creative Commons, Economic bubbles, Economy, Financial crisis of 2007–2008, Financial services, Harold Macmillan, Harold Wilson, Interest rate, Monetary policy, Money, New York, Signature Bank, Silicon Valley Bank, Stock market crashes, Systemic risk, The Federal Deposit Insurance Corporation, United Kingdom, United States, WASHINGTON MUTUALadmin

Charles Read, University of Cambridge

A former prime minister of Britain, Harold Wilson, is famous for remarking that a week is a long time in politics. But in the world of finance, it seems everything can change in just two days.

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13Mar/23

HSBC will acquire the assets of SVB UK. Deposits will be protected

March 13, 2023FinanceBank, British brands, Companies, Economy, Finance, Financial services, HSBC, Investment banks, Jeremy Hunt, London, Silicon Valley Bank, SVB UK, THE BANK OF ENGLAND, United Kingdomadmin

Here’s the HM Treasury statement:

Silicon Valley Bank (UK) Ltd has today been sold to HSBC. HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK will be able to access their deposits and banking services as normal from today.
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