Silicon Valley Bank (SVB) in the UK is the UK branch of Silicon Valley Bank, a US-based bank that provides financial services to technology and life science companies, venture capital firms and private equity firms. The UK branch is established in 2012 and is headquartered in London.
SVB UK offers its clients a range of financial services, including commercial banking, investment banking, and asset management. Like its US parent company, SVB UK is mainly focused on working with early-stage technology companies, providing them with financing, treasury management, and other services to help them grow and succeed.
In addition to its financial services, SVB UK also provides research and analysis of the UK technology and life sciences industries. The bank regularly publishes reports and insights on innovation trends, venture capital activity, and industry outlooks in the UK.
Fall of Silicon Valley Bank
Silicon Valley Bank (SVB) has long been recognized as a leader in providing financial services to the innovation economy. However, rumours have been circulating lately about the bank’s financial health, and there are concerns that SVB may be on the brink of collapse.
The SBV meltdown, which began on Thursday, spread concern about hidden risks in the banking sector and its vulnerability to the rising cost of money.
After a 6.6% decline on Thursday, the S&P 500 banks index steadied from an early fall on Friday, briefly turning higher, while the KBW Regional Banking index was down 3.5%. Europe’s STOXX banking index fell almost 3.8%, marking its biggest one-day percentage slide since June 2022. Ref
Shares have dropped drastically since the news reached the markets. Click Here to see the share prices live.
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