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‘We need a plan for Monday’: UK authorities scramble to stem Silicon Valley Bank fallout
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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.
She reassured them SVB UK was still processing payments, opening accounts and funding loans after the collapse of its parent in California.
Hours later, regulators shut down the UK branch too.
Read more on fnlondon.comAbout this in other media
Regulators Face Urgent Task to Stem Spread From Silicon Valley Bank wsj.com /1 year ago
Silicon Valley Bank said it was too small to need regulation. Now it’s ‘too big to fail’ theguardian.com /1 year ago
Regulators Face Urgent Task to Stem Spread From Silicon Valley Bank wsj.com /1 year ago
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