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Fortune
Fortune
Nicholas Gordon

Not just Silicon Valley: SVB’s collapse spreads globally

(Credit: Justin Tallis—AFP via Getty Images)

It wasn’t just Washington that scrambling to deal with the collapse of Silicon Valley Bank. 

Officials in the U.K. conducted all-night talks between Sunday and Monday in a last-ditch effort to find a buyer for SVB's British unit, announcing that HSBC would take over the bank with just an hour to spare before markets opened.

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