News

March 10, 2023

Silicon Valley Bank UK still processing payments and funding loans, says CEO

SVB UK's CEO said the UK subsidiary's finances are ringfenced from the US, but some founders say they cannot withdraw funds from the UK bank


Tim Smith

3 min read

Update: On Friday evening, the Bank of England declared it was starting insolvency proceedings for SVB UK.

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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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