- SVB, the biggest US bank failure since 2008, is now in the hands of regulators, with depositors able to access all funds.
- HSBC bought the UK arm of SVB for £1.
- Wall Street fears there may be more bank failures “in the next 6 to 12 months, if not in the next couple of weeks.”.
The Swift and Brutal Demise of SVB
On this bonus episode of In The City, we look at what the collapse means for the UK and whether more bank failures are on the way.
Sommer Saadi
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