HSBC Acquires Silicon Valley Bank’s UK Unit for Just £1
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 unit will continue to operate without interruption and contribute to the growth of the UK’s tech sector. This move is expected to have a significant impact on the UK’s financial landscape and marks a major milestone in HSBC’s expansion strategy.
Silicon Valley Bank Plummets 60% – Experts Predicting a Major Banking Crisis Looming Ahead
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.
Owl Labs raised $25 million funding in a Series C for it’s 360-degree video conferencing solutions
Owl Labs raised $25 million funding in a Series C for it’s 360-degree video conferencing solutions
MotherDuck picked up $35 million in Series A
MotherDuck picked up $35 million in Series A
Kyte raised $60M from Tesla backer
Kyte raised $60M from Tesla backer
Cloud-based media platform Amagi raises $100 million led by General Atlantic
Cloud-based media platform Amagi raises $100 million led by General Atlantic
Vivrelle raised $35 million in Series B
Vivrelle closed $35 million in Series B
Data unicorn Alation from Silicon Valley raises $123M at $1.7B valuation
Data unicorn Alation from Silicon Valley raises $123M at $1.7B valuation
Elon Musk officially owns Twitter
Elon Musk officially owns Twitter
RoboBurger raised $10M funding for world’s first robot burger
RoboBurger raised $10M funding for world’s first robot burger
