SVB Contagion: UK Arm Closes, Government Takes Action, and Startups Prepare for the Worst

  • Silicon Valley Bank’s shutdown in the US has reached the UK and Europe.
  • The Bank of England has sought a court order to place Silicon Valley Bank UK Limited under administration.
  • Government agencies are taking action to mitigate the effects of the closure.
  • Startups are bracing for the worst as the fallout continues.


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