a Bank of London This Sunday (12) confirmed that it has placed an offer to buy Silicon Valley Bank UKthe British branch of SVB.
The financial institution stated in a statement that the proposal was submitted in partnership with UK authoritiesincluding the Treasury and the Bank of England.
a Chief Executive of the Bank of LondonAnthony Watson, has argued that SVB cannot collapse.
“It would be deeply disappointing if this momentum led to a further consolidation of power among the big banks.”said in the statement. “This is the Unique opportunity To ensure that the UK has The most diversified banking sectorwhile enabling continuity of service for the UK SVB client base.”
Earlier British Chancellor of the Exchequer, Jeremy HuntHe said it works “avoid or minimize harm” Possible from the British arm of SVB. He also mentioned that Technology and life sciences be in “grave danger”.
Read also:
What might happen after the Silicon Valley bank collapse?
The collapse of the Silicon Valley bank causes chaos in the startup world
The Federal Reserve calls an extraordinary meeting after the collapse of the Silicon Valley bank
