Blackrock boss Larry Fink: SVB collapse may signal ‘dominoes are starting to fall’ March 15, 2023 The collapse of Silicon Valley Bank could signal the “dominoes are starting to fall” after an abrupt end to the era of low interest rates and cheap money, the boss of the world’s biggest asset manager BlackRock has warned. In his annual letter to investors today, Larry Fink said a series of aggressive rate hikes [...]
Budget: Can Jeremy Hunt’s R&D tax plans stop Britain becoming an ‘innovation wasteland’? March 15, 2023 Chancellor Jeremy Hunt has attempted to soften the blow of changes to the research and development (R&D) tax scheme today after backlash from small businesses and warnings the UK could become an “innovation wasteland”.
Silicon Valley Bank: Start-ups welcome the warm embrace of Britain’s big banks March 15, 2023 The collapse of SVB UK is causing start-ups to reevaluate their banking priorities, Charlie Conchie writes Among the backslapping jubilation of HSBC’s rescue swoop on Monday morning, a singular voice fired a sour warning into the ether. Loss-making start-up the Bank of London had over the weekend launched a bid to buy Silicon Valley Bank’s [...]
Silicon Valley Bank: how has the US rescue differed from the UK… and is it a bailout? March 14, 2023 US regulators moved to insure customers' deposits and steady the sector after Silicon Valley Bank collapsed.
Activist investor Elliott puts its hopes on City grandee to make friends and influence private equity deals March 14, 2023 Feared investment firm Elliott has called in the former chairman of BT and Easyjet to act as a senior adviser as it looks to ramp up its private equity operation and soften its reputation around the City.
Silicon Valley Bank: US bosses sued for fraud as fallout from collapse begins March 14, 2023 The parent company of Silicon Valley Bank and two of its top bosses are being sued by shareholders who have accused them of hiding the lender’s vulnerabilities to the effects of rising interest rates.
Silicon Valley Bank: ‘Resuming normal operations’ after HSBC rescue swoop – Live March 13, 2023 HSBC’s move to snap up the stricken UK arm of Silicon Valley Bank has been hailed a “relief” for the UK’s tech firms today after nerves spread of contagion across sector over the weekend.
What’s going on at Silicon Valley Bank and why is it shaking UK banking stocks? March 10, 2023 Silicon Valley Bank (SVB) has built its reputation lending to some of the world’s most innovate start-ups and investors. But the Nasdaq-listed bank has now been rocked by what some fear could turn into a very old-fashioned bank run. Shares in the firm have plunged more than 60 per cent in two days and jitters [...]
London banking stocks tumble as Silicon Valley Bank shockwaves spread to HSBC, Barclays and Lloyds March 10, 2023 A crisis at US start-up lender Silicon Valley Bank (SVB) has sent shockwaves across the Atlantic today and dragged down shares in London-listed lenders. Shares in Nasdaq-listed SVB plunged over 60 per cent yesterday after the firm announced a $1.75bn share sale on Wednesday in a bid to shore up its balance sheet and plug [...]
Amigo scrambles for survival as £45m emergency cash talks fail March 10, 2023 Beleaguered lender Amigo Loans is scrambling to find a route to survival today after the firm revealed talks to raise £45m had failed this week. In an update on an emergency cash raise this morning, Amigo said it was now “unlikely” to raise the required money before a regulator-imposed deadline of the 26th May this [...]
