UK tech ecosystem reacts to the news of SVB UK acquisition by HSBC
Investors and others cheer that the deal was struck without government bailouts and in record time to keep business going Monday morning.
Stay updated with breaking news from Toby Mather. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investors and others cheer that the deal was struck without government bailouts and in record time to keep business going Monday morning.
“We can look our teams in the eye … and say, not only will we be able to make next payroll but we can continue business as usual,” said one startup...
“We can look our teams in the eye … and say, not only will we be able to make next payroll but we can continue business as usual,” said one startup...
SVB had branches in Canada, the UK, China, Denmark, Germany, India, Israel and Sweden, and the scenes coming out of California are just the beginning.
UK customers warn they might not be able to pay staff after Silicon Valley Bank collapses.