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The Latest Breaking News from The Bank of England

Government to line up Barclays for Silicon Valley Bank UK unit rescue deal

The government is seeking to line up Barclays to take over the UK unit of Silicon Valley Bank (SVB) in a bid to rescue it from liquidation, the Standard has learned.

Evening Standard

Hunt budget being overshadowed by Lineker row is no bad thing for chancellor

Wednesday’s announcement will not change big picture for UK economy

The Guardian - UK

UK racing to secure deal to protect firms from Silicon Valley Bank collapse

Rishi Sunak and Jeremy Hunt explore options to help tech and life sciences sectors

The Guardian - UK

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More than 200 UK firms at ‘serious risk’ from Silicon Valley Bank collapse

Government ‘working at pace’ to limit damage, says chancellor

The Independent UK

From wine country to London, bank's failure shakes worldwide

It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world

The Independent UK

Government to meet tech firms following collapse of Silicon Valley Bank UK

Industry leaders expected to call for state intervention to avoid failure of hundreds of UK firms

The Guardian - UK

If the British economy can’t pay better wages, then it must shrink

Vacancies are high, but pay is not rising. Nor will the Bank of England allow it to. That means something else has to give

The Guardian - UK

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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.

Evening Standard

Pensions: why do those retiring face ‘massive’ losses despite FTSE highs?

Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year

The Guardian - UK

Silicon Valley Bank: Bank of England set to place UK arm into insolvency

Decision comes hours after US arm collapsed

Evening Standard

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