- Silicon Valley Bank collapses after sale of $20bn of securities to mitigate sharp drop in deposits.
- US regulators set out emergency measures to protect banking system.
- HSBC buys SVB's British arm for £1 in a fire sale.
- Collapse may make Fed slow down or pause its programme of aggressive interest rate rises.
- SVB played a critical role in tech investment in the US and UK, leaving a huge hole for the start-up scene.
Silicon Valley Bank collapse leads to questions for regulators
Also in today’s newsletter: Xi’s ‘great wall of steel’, predatory lending and frozen berries replace alcopops
