News

March 12, 2023

Bank of London submits formal bid to buy Silicon Valley Bank UK

The clearing bank, founded in 2020, is likely to face some competition


Amy Lewin

2 min read

The Bank of London, the two-year-old clearing bank, has confirmed that it has submitted a formal proposal to buy the UK subsidiary of Silicon Valley Bank (SVB), which failed on Friday.

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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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