Monday, March 13, 2023

HSBC rescues UK tech firms' SVB deposits in government deal

There is relief in the UK among the country’s tech firms, following HSBC’s takeover of the British arm of the failed Silicon Valley Bank.

Following all-night talks between the British government, HSBC bosses and the Bank of England, HSBC has secured depositors’ investments, at no taxpayers’ expense.


Nina-Maria Potts has the latest:


IN: “ There’s

OUT: SOC

DUR: 1:00 (long, can be cut)


http://www.fsnradionews.com/feeds/0313svbuk-nmp.mp3