HSBC has bailed out the UK arm of the collapsed Silicon Valley Bank after fears Britain's tech sector was on the brink of financial crisis.

On Friday the Bank of England announced Silicon Valley Bank UK was to enter insolvency, after its parent company collapsed in the US.

The shut down of the bank is the largest banking failure since the 2008 financial crisis.
https://www.gbnews.com/money/silicon-valley-bank-uk-bail-out-hsbc