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Evening Standard
Evening Standard
World
Robert Dex

New bank considers offer for UK arm of collapsed Silicon Valley Bank

A new bank which has only been in business for two years is considering a bid to buy the British arm of the failed Silicon Valley Bank (SVB), according to reports.

The Bank of London (TBOL), whose finance chief Gavin Hewitt previously worked at SVB UK, is said to have appointed an investment bank to advise on a bid, according to Sky News.

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