The UK SVB bailout was welcomed by UK government ministers, regulators and tech startups, who said customers would be able to bank as normal, according to Reuters.
“HSBC is the largest bank in Europe, and SVB UK clients should take comfort in the strength, security and protection it provides,” said Britain’s Chancellor of Finance Jeremy Hunt.
SVB in that country has loans of around 5.5 billion pounds and deposits of around 6.7 billion pounds, HSBC said.
