- 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.”.
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The Swift and Brutal Demise of SVB
SVB, the biggest US bank failure since 2008, was bought by HSBC for £1. Wall Street fears more bank failures in the next 6-12 months. Learn more here.