In a dramatic turn of events, HSBC has rescued Silicon Valley Bank's UK arm and prevented a crisis in Britain's tech sector. The move comes after all-night talks led by Prime Minister Rishi Sunak and the Bank of England. With this acquisition, HSBC has ensured that Silicon Valley Bank's UK
The financial future of Silicon Valley Bank is looking bleak as its stock price plummeted by 60 percent on Thursday, leaving investors and industry experts speculating about which financial institution could be next to face similar troubles.