What happens next? Silicon Valley Bank fall-out

Reaction to HSBC deal + 57 statements in UK + Markets fall

Hello and welcome to the latest edition of Off to Lunch…

There is good news and bad news on the collapse of Silicon Valley Bank.

The good news - HSBC and the UK government have announced that HSBC is buying the UK assets of Silicon Valley Bank for £1. This will ensure that deposits are protected and that businesses who used the bank should not suffer any …