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.

Via

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download Pluggd.in, the short news app for busy professionals