Insurtechs send Chancellor ‘thank you’ letter after HSBC rescue of SVB UK
The UK insurtech sector has praised HSBC’s acquisition of the UK arm of Silicon Valley Bank, following its collapse on 10 March.
SVB, which was the 16th largest lender in the US, collapsed last Friday 10 March and had its assets seized by US regulators.
The lender had been attempting to raise £1.7bn in emergency funding to
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