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The UK branch was not at risk, and was in much better shape. Even if they had to close because their parents company was insolvent, you'd expect whomever is re
by ldoughty 4y ago
The UK branch was not at risk, and was in much better shape.
Even if they had to close because their parents company was insolvent, you'd expect whomever is responsible for selling assets would want to get a better deal to get money back for shareholders.
- raesene9 4y agoI'm not sure we know that SVB UK was actually in better shape. They made representations to that effect last week, but the fact the banking authorities moved in so quickly implies that all was not well. Of course if they have sold the assets for well under real value, you'd expect some level of legal challenge from the shareholders who are losing out under this deal.
- KptMarchewa 4y agoIt was at risk of a similar bank run, regardless of actual balance sheet.
- capableweb 4y agoIs being at risk enough for the Bank of England to come in and shut you down? I have a feeling it has to be more than just "at risk" for something that drastic to happen.
- celticninja 4y agoBut they could be called upon to sell their assets at a loss to prop up the parent bank.