- 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.
Financial Times — World — Silicon Valley Bank Collapse — Global Economy — Coronavirus Pandemic — Coronavirus Economic Impact
Silicon Valley Bank collapse leads to questions for regulators
Silicon Valley Bank has collapsed, leading to questions for regulators. US regulators set out emergency measures to protect the banking system. HSBC buys SVB's British arm for £1 in a fire sale