Silicon Valley Bank UK sold to HSBC for ONE POUND

The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale. Chancellor Jeremy Hunt confirmed that all customer deposits have been protected under the deal, with no taxpayer cash involved. Watch on TV: Virgin 604, Freesat 216, Sky 512, Freeview 236, YouView 236 Listen on DAB+ Radio Download the GB News App to watch live wherever you are, catch up with all our shows and get the latest news from the GBN family. https://www.gbnews.uk/freegbapp Don't forget to follow us on social media too! Twitter:   / gbnews   Facebook:   / gbnewsonline   Instagram:   / gbnewsonline   LinkedIn:   / gb-news   TikTok:   / gbnews