HSBC pays £1 to rescue UK arm of Silicon Valley Bank after all-night talks
https://www.cnbc.com/2023/03/1....3/hsbc-buys-silicon-

HSBC pays £1 to rescue UK arm of Silicon Valley Bank after all-night talks

British Finance Minister Jeremy Hunt on Sunday said that the government and Bank of England sought to "avoid or minimize" damage from the U.K. branch of SVB.