Silicon Valley Bank: how has the US rescue differed from the UK… and is it a bailout?

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City AM

By Charlie Conchie The operation to rescue the stricken UK subsidiary of Silicon Valley Bank (SVB) has been hailed as resounding success on these shores, with one tech chief telling City A.M. that the takeaway-fuelled scramble over the weekend was a “fantastic example of private and public entities working together to solve an issue.” HSBC swooped in with an eleventh hour deal and SVB UK customers were largely able to access their money once again from Monday. But efforts to steady the Stateside banking sector and ensure US SVB customers can access their cash have taken a different tack. Twitt…

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