HSBC reportedly on the brink of a deal to rescue SVB's UK arm<p style="" class="text-align-justify">An announcement from BOE and HMT is reportedly imminent. Well, at least this helps to avert any insolvency and liquidity concerns that might have been brought about from the wider SVB fallout.</p><p style="" class="text-align-justify">UK authorities were left scrambling over the weekend as many tech-focused lenders flagged distressing signals that they would suffer a great deal of impact from the SVB collapse.</p>
This article was written by Justin Low at www.forexlive.com.
Source: HSBC reportedly on the brink of a deal to rescue SVB's UK arm (https://www.forexlive.com/news/hscb-reportedly-on-the-brink-of-a-deal-to-rescue-svbs-uk-arm-20230313/https://www.forexlive.com/news/hscb-reportedly-on-the-brink-of-a-deal-to-rescue-svbs-uk-arm-20230313/)
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