Governments in the United Kingdom and the United States have taken extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank (SVB), even as another major bank was shut down.
The UK Treasury and the Bank of England announced early on Monday that they had facilitated the sale of SVB UK to HSBC, Europe’s biggest bank, ensuring the security of 6.7 billion pounds ($8.1bn) of deposits.
British officials worked throughout the weekend to find a buyer for the UK subsidiary of the California-based bank. Its collapse was the second-largest bank failure in history, behind only the 2008 failure of Washington Mutual.
Load More
Yorumlar
Kalan Karakter: