4 ms·

I've read that SVB UK is a totally separate entity and not affected. I have no evidence of that though.

• WJW 4y ago
  SVB UK was just placed into an insolvency procedure by the Bank of England, so I guess they were not as separate as they thought. (https://www.bankofengland.co.uk/news/2023/march/boe-statement-silicon-valley-bank-uk https://www.bankofengland.co.uk/news/2023/march/boe-statemen...)
  • PeterisP 4y ago
    No, as the article states, it intends to place SVB UK into an insolvency procedure but has not placed it yet. It makes a conservative assumption that this procedure might be needed "absent any meaningful further information", but if SVB UK provides such information and shows that it is separate and solvent, then it can avoid this procedure, in which case it would probably get sold to someone to pay the parent company's liabilities.
    • WJW 4y ago
      They've been acquired by HSBC for a single pound, so it was probably not very solvent.