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Podcast: Beyond Currency
Episode: 20 March 2023 - 200 firms at risk from SVB fallout
Description: The current turmoil in the banking sector brought about by the collapse of Silicon Valley bank in the U.S. could affect up to two hundred firms in the UK in the tech sector.
Rishi Sunak and Jeremy Hunt met with the Bank of England Governor, Andrew Bailey, to both put in place measures to shore up the banking sector and provide any necessary assistance to any suitors who wish to buy the UK arm of the failed lender.
HSBC remains the most likely buyer of the bank’s UK operations, although it is thought that both J.P. Morgan an...