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The Independent UK
The Independent UK
National
Matt Mathers

How savers can keep their money safe when banks collapse

Silicon Valley Bank HSBC SVB United Kingdom PRA The Bank of England United States
Getty Images

There was good news for the UK’s tech sector on Monday morning when HSBC stepped in to rescue the UK arm of failed US lender Silicon Valley Bank.

SVB, headquartered in California, dealt exclusively with tech and start-up businesses and has been bought by HSBC for £1.

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