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This press release didn't age well. https://www.bloomberg.com/news/articles/2023-03-10/svb-s-uk-business-poised-to-be-put-into-resolution-ft-reports#xj4y7vzkg
by eclipticplane 4y ago
This press release didn't age well.
https://www.bloomberg.com/news/articles/2023-03-10/svb-s-uk-business-poised-to-be-put-into-resolution-ft-reports#xj4y7vzkg https://www.bloomberg.com/news/articles/2023-03-10/svb-s-uk-...
- mirthflat83 4y agoLmao, just like FTX
- morpheuskafka 4y agoIf the assets are separate, it is still a very relevant point for depositors because the outcome of the UK receivership will be based on those separate assets. The amount that depositors in the UK bank recover may be completely different, higher or lower, than the depositors in the main bank.