Britain Financial News
13.03 / 13:57
Platform
Football
Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?
Two top Brazilian professional football (soccer) players claim they have fallen foul of a crypto scam – and say that they were convinced to invest in a fraudulent project by a fellow pro.
13.03 / 13:17
HSBC
Bank of England
banking
Silicon Valley Bank
acquires
Customers
HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What's Going On?
Global banking giant HSBC has acquired the UK subsidiary of now-collapsed lender Silicon Valley Bank for £1 ($1.21) after all-night talks between the government, regulators, and other prospective buyers.
13.03 / 11:11
business
regulation
HSBC
Circle
banking
Silicon Valley
Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition.
13.03 / 10:41
Fallout
HSBC
Silicon Valley Bank UK sold to HSBC for £1
HSBC has bought Silicon Valley Bank UK for just £1 in a dramatic rescue deal for the failed technology lender.
13.03 / 10:13
UPS
Target
Action
GBP
UK's taxes are at a 70-year high. But its finance minister won't splash the cash at upcoming Budget
LONDON — British Finance Minister Jeremy Hunt will deliver the government's Budget commitments on Wednesday against a better-than-expected economic backdrop, but economists expect him to stay cautious for now.
13.03 / 03:23
SoftBank
pension
As UK listings drift to New York, pension funds are in the firing line
Is the media getting a bit over-excited about companies choosing to list in New York rather than London? After all, what has actually happened?
13.03 / 00:41
business
defi
Silicon Valley
Silicon Valley Bank collapse: Everything that’s happened until now
The sudden collapse of Silicon Valley Bank (SBV) has quickly unfolded over the course of three days, depegging stablecoins, leading regulators in the United States and United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at the California tech bank.
12.03 / 23:13
UPS
Racing
SVB
The Bank of London bids for Silicon Valley Bank UK as government races to find buyer
The Bank of London has made a formal bid for the UK operations of Silicon Valley Bank, as the government spends the weekend racing for buyers for the collapsed lender.
12.03 / 22:59
UPS
Racing
SVB
The Bank of London bids for SVB UK as UK government races for buyers
The Bank of London has made a formal bid for the UK operations of Silicon Valley Bank, as the government has spent the weekend trying to find buyers for the collapsed lender.
12.03 / 22:43
business
Silicon Valley
Bank of London bids to acquire Silicon Valley Bank's UK arm
Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, according to a statement disclosed by Reuters on March 12.
12.03 / 19:03
business
regulation
Bank of England
Silicon Valley
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple reports on March 12. The emergency plan will include a cash lifeline to a number of businesses.
12.03 / 18:33
12.03 / 04:53
regulation
Venture Capital
Bank of England
Silicon Valley
Startups
Silicon Valley Bank's UK branch shut down by Bank of England
The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” and no “critical functions” supporting the financial system in the United Kingdom (UK).
11.03 / 21:19
Fallout
SVB
‘We need a plan for Monday’: UK authorities scramble to stem Silicon Valley Bank fallout
On 10 March, Silicon Valley Bank's UK boss Erin Platts told a Zoom call with investors the bank was "doing the best that it can" to support them.
11.03 / 19:39
Twitter
FIVE
Cooper
Platform
raid
Nexo probe: Four charged after raid at crypto lender’s offices in Bulgaria
The world of cryptocurrency continues to be shaken by drama and investigations, as four people have been charged with money laundering, tax crimes and computer fraud in a criminal investigation embroiling the crypto lender Nexo.
11.03 / 18:01
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return
The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.
11.03 / 01:35
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return
The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.
10.03 / 13:29
MARKET
wallet
Exchange
Investment
Blockchain.com
Blockchain.com Announces Closure of Crypto Asset Management Arm in London Following Market Challenges
Major crypto platform Blockchain.com is closing its London-based crypto asset management arm less than a year after its launch.
10.03 / 13:03
UPS
dealmaking
Bank of America reshuffle sees new UK dealmaking and TMT heads
Bank of America has shaken up the senior ranks of its investment bank, naming heads of technology, media and telecoms sectors in Europe and a new UK investment banking chief.
10.03 / 12:39
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return
The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.
10.03 / 03:57
M&G boss: ‘Local investment’ in startups can help win London’s listings battle
The chief executive of M&G has called for more home-grown investment in UK startups to avoid them leaving London when they come to list.
latest developments in Britain
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