OPINION - The SVB affair was a near-miss for UK tech: what do we know now? How big a role should heritage banks play in the ultra-modern tech finance world? Evening Standard · Apr 4, 2023
'I hope this is not a slippery slope of things to follow' - Whitley Bay Natwest branch is third bank set to close in town Natwest is the third bank to announce closure in Whitley Bay since December 2022. Chronicle Live · Mar 31, 2023
Bank of England chief: HSBC was only reasonable bidder for Silicon Valley Bank UK Other prospective bidders, Andrew Bailey said, either never submitted a firm offer or attached terms the Bank couldn’t agree to Evening Standard · Mar 28, 2023
Watch as Bank of England governor speaks to Treasury committee on SVB rescue Watch as Bank of England governor Andrew Bailey speaks to the Treasury committee about Silicon Valley Bank (SVB) after its £1 rescue by HSBC. The Independent UK · Mar 28, 2023
Bank closures announced in 2023 including HSBC, Lloyds and Barclays - full list More than 5,000 branch closures have been announced since January 2015 by banks and building societies Wales Online · Mar 27, 2023
Full list of bank closures across the UK including in the North East - Halifax, HSBC and more Nationwide, Santander, NatWest, Barclays and Lloyds are also among the banks shutting several branches this year, with Newcastle, North Tyneside, South Tyneside and Durham affected Chronicle Live · Mar 27, 2023
Investors force HSBC shareholder vote on structural overhaul Minority shareholder Ken Lui leads campaign seeking to split bank’s Asian and western businesses The Guardian - UK · Mar 26, 2023
Bank of Dave star says High Street banks have lost touch and no longer care about customers Man behind 'Bank of Dave' offers to buy UK arm of SVB off HSBC for £1 - double the amount bosses paid for it - as he slams global financial system Daily Mirror · Mar 24, 2023
Expansion plans for Swansea performing arts school following buyout Stagecoach Performing Arts was acquired following a six-figure funding package for HSBC UK Birmingham Post · Mar 22, 2023
Four ways to protect your small business from a banking crisis The banking sector is currently experiencing great strain, which has resulted in several bank bailouts – most recently UBS’ deal to buy its Swiss competitor Credit Suisse following a collapse in confidence in the latter. HSBC’s acquisition of the UK arm of the collapsed Silicon Valley Bank the previous week… The Conversation · Mar 20, 2023
Billions knocked off UK banking shares as financial fears linger after $3.3 billion Credit Suisse rescue Interest rate rises look less likely as turmoil continues in financial sector as wider markets find support Evening Standard · Mar 20, 2023
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders The Guardian - UK · Mar 20, 2023
Millions paid in bonuses to UK Silicon Valley Bank staff days after £1 rescue Workers reported to have received payouts from ‘modest’ pool of £15m-£20m following takeover deal by HSBC The Guardian - UK · Mar 18, 2023
Inside ‘Operation Yeti’: How U.K. tech survived SVB’s collapse In a matter of hours, investors, founders, industry volunteers, and government worked together to make sure 40% of their startups don’t go under. Fortune · Mar 17, 2023
IT Pro · Mar 17, 2023 "It's still not great": Industry divided on government's SMB tax relief package The UK government's changes to R&D tax relief credits have been met with a mixed reception following the Spring Statement on Wednesday. Delivering the statement in the House of Commons, Chancellor Jeremy Hunt revealed the government's plans to roll out an ‘enhanced’ tax relief package for SMBs across the country.…
Evening Standard · Mar 16, 2023 Silicon Valley Bank: what really happened and what it means for London Silicon Valley Bank almost collapsed this week until leading figures in the US and UK stepped in — but what is the bank and why did it create such panic? Rohan Silva reports
Birmingham Post · Mar 16, 2023 Bristol tech firm to create jobs and expand office after funding deal Amdaris has secured a seven-figure finance package from bank HSBC
Daily Mirror · Mar 15, 2023 Huge fire breaks out at HSBC building in town centre as black smoke billows into sky Photos and videos of a fire at HSBC Loughborough in Leicestershire emerged on social media this afternoon. Fire services rushed to the scene and residents have been asked to stay away
Birmingham Post · Mar 15, 2023 Gateshead's GAP Group creates new jobs following eight-figure funding deal The HSBC finance package will help the recycling and haulage business to meet its net zero targets
The Guardian - UK · Mar 15, 2023 SVB collapse may be start of ‘slow-rolling crisis’, warns BlackRock boss Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise
Evening Standard · Mar 15, 2023 High street banks lure tech firms away from Silicon Valley Bank UK after HSBC rescue deal High Street banks are quietly stepping up their efforts to lure startups away from Silicon Valley Bank UK as the beleaguered firm’s customers weigh up whether to keep their accounts open after a last-minute rescue deal by HSBC.
The Guardian - UK · Mar 14, 2023 Silicon Valley Bank: inquiries launched into bank’s collapse and UK arm Probes announced in the UK and US over failure of California lender as financial markets recovered from Monday’s turmoil
Evening Standard · Mar 14, 2023 Spring Budget 2023: High noon for Hunt on energy prices, the City and corporate tax breaks Help with childcare costs and and a rise to the cap on pension contributions expected to boost workforce
The Guardian - UK · Mar 14, 2023 TechScape: How Silicon Valley Bank UK was saved In this week’s newsletter: While its quick slip into financial hardship has left American bankers reeling, its UK division is surprisingly fine. But the tech sector isn’t out of trouble yet
Daily Mirror · Mar 13, 2023 Why Silicon Valley Bank collapse in US is worry for every Brit - your questions answered More than £50billion was wiped off the value of Britain’s 100 biggest listed firms as the failure of tech sector lender Silicon Valley Bank spooked stock markets. Here's what you could you expect next