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City

Hunt working ‘at pace’ to help tech firms after Silicon Valley Bank collapse

British technology companies face a “serious risk” from the collapse of Silicon Valley Bank UK, the Chancellor has warned, as he vowed the Government will do “everything we can” to protect them. Jeremy Hunt said he has been in talks over the weekend ...

12 Mar 2023 at 18:07

City

PM and Chancellor to meet BoE chief over Silicon Valley Bank UK collapse

Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are due to hold talks with the Governor of the Bank of England in response to the collapse of Silicon Valley Bank UK. In a statement issued on Sunday morning, the Treasury said it is treating ...

12 Mar 2023 at 08:00

City

UK tech groups cheer SVB rescue deal for saving thousands of ‘anxious’ start-ups

UK technology firms have cheered the sale of Silicon Valley Bank UK (SVB UK) to HSBC after warning that about a third of the nation’s tech sector could have been lost if the bank collapsed. An influential tech group said anxiety levels were ...

13 Mar 2023 at 13:29

Scramble to secure Silicon Valley Bank UK takeover amid fears for tech firms hit

City

Scramble to secure Silicon Valley Bank takeover amid fears 200 tech firms hit

A number of potential buyers are circling the failed lender Silicon Valley Bank UK. Chancellor Jeremy Hunt said the Government was “working at pace” on a plan to prevent affected businesses from going bust, which could involve an emergency ...

12 Mar 2023 at 22:33

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