33 ms·
I'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
by raesene9 4y ago
I'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.