Silicon Valley Bank UK: ‘Either British banks save it or the government will step up’ – Bloomberg

Silicon Valley Bank UK: 'Either British banks save it or the government will step up' - Bloomberg

This Is New Business Tech News – Silicon Valley Bank UK: ‘Either British banks save it or the government will step up’ – Bloomberg This is New Business brings you the latest tech startup and silicon valley related news to one centralized location where you can find out the latest innovations and business related content […]

This Is New Business Tech News – Silicon Valley Bank UK: ‘Either British banks save it or the government will step up’ – Bloomberg

This is New Business brings you the latest tech startup and silicon valley related news to one centralized location where you can find out the latest innovations and business related content in one place.



Bloomberg finance editor Katherine Griffiths explains how the collapse of Silicon Valley stateside
might impact UK tech firms.

Sky News has learned that major UK lenders including Barclays and Lloyds Banking Group are among the parties to have been approached by the board of SVB UK over the weekend to see if an emergency takeover deal can be struck.

If this does not happen the government is likely to provide short-term funding for tech firms “to pay their staff”, Griffiths believes.

#siliconvalleybank #barclays #lloydbanks

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