SVB collapse sparks long-term funding fears for UK tech sector
The collapse of Silicon Valley Bank and a rescue deal from HSBC has raised questions about the future of the UK tech space and startups’ access to funding.
SVB clients carried out a fear-driven bank run on Thursday 9 March, after they saw funds drying up. That resulted in $42bn in client withdrawal requests that left the bank insolvent on Friday 10 March
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