Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email HSBC has bought the UK arm of collapsed US lender Silicon Valley Bank in a last-minute rescue deal to avert a crisis in Britain's technology sector.The sale for a nominal sum of 1 was agreed after all-night talks between the Government and the Bank of England to try to secure a sale of Silicon Valley Bank UK (SVB UK) amid fears that the tech sector would have been thrown into chaos amid the fallout from the failure of the California-based lender.
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