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HSBC buys UK arm of failed Silicon Valley Bank

March 13, 2023

HSBC has acquired the UK arm of Silicon Valley Bank (SVB), which had collapsed last Friday. SVB was known for its lending to tech firms, and its failure raised concerns of its impact on the tech industry. HSBC paid just £1 for the acquisition of SVB’s UK arm, and the deal involved no taxpayer money. The deal was made after all-night talks involving several parties, including the chancellor, the prime minister, and HSBC bosses. The UK arm of SVB had over 3,000 business customers, and its collapse would have posed a risk to the UK’s tech sector, which the government considers vital to the country’s future economic success.

Written by: Relaks Radio

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List of Winners and Nominees at the 95th Academy Awards

The 95th Academy Awards ceremony was held in Los Angeles on Sunday, where the winners of the Oscars were announced. The list of the winners and the nominees who were in the running for the coveted awards were revealed during the ceremony. Best picture Everything Everywhere All at Once (winner) All Quiet on the Western Front Avatar: The Way of Water The Banshees of Inisherin Elvis The Fabelmans Tár Top Gun: Maverick Triangle of Sadness Women Talking Best actor […]

March 13, 2023 2

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HSBC buys UK arm of failed Silicon Valley Bank

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List of Winners and Nominees at the 95th Academy Awards

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