UK tech ecosystem reacts to the news of SVB UK's acquisition by HSBC
U.K. tech founders, investors, and ecosystem leaders have been giving their reactions to the news that SVB UK will be rescued by HSBC. It said that it will be "business as usual" for its customers, despite the many question marks still hanging over Silicon Valley Bank in the U.S.. The storied parent company is the bank for many tech startups, investors and others in the industry and it too was taken over by banking regulators at the end of last week when customers made a run on it. Many of these companies are developing technologies which represent the future of the UK economy.
