Re:HSBC to Buy UK Arm of Silicon Valley Bank
by nprateem on Monday March 13, 2023 @06:20AM
(#35133631)
Thank god we've got a PM who's a grown up again.
[ Parent
| on HN ]
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by kdkwsndne on Monday March 13, 2023 @06:43AM
(#35133829)
How was he involved? How did he help this situation?
The US also did it over the weekend. Kinda had to be done.
> HSBC on Monday averted a crisis in Britain’s tech sector by rescuing Silicon Valley Bank’s UK arm, a dramatic fire sale concluded after all-night talks led by Prime Minister Rishi Sunak and the Bank of England.
> A sale of SVB UK, which has 3,300 UK clients, including start-ups, venture-backed companies and funds, was the preferred choice of chancellor Jeremy Hunt, avoiding a big government intervention to protect depositors.
source: https://www.ft.com/content/216b193d-62b3-4e5e-8f67-e8eb3d96e...
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by nprateem on Monday March 13, 2023 @07:26AM
(#35134180)
Sunak was apparently very hands on according to the FT.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by kzrdude on Monday March 13, 2023 @08:18AM
(#35134679)
He has a finance background
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by varispeed on Monday March 13, 2023 @08:46AM
(#35134964)
Yes, he was doing books for his parents' pharmacy.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by harvey9 on Monday March 13, 2023 @09:00AM
(#35135108)
Whatever you think of the bloke, there's a bit more to his CV than that.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by mnw21cam on Monday March 13, 2023 @10:10AM
(#35135927)
Yeah, he tripped and threw the curry he was trying to serve over my wife's shoes. It's all she talks about whenever she sees him on TV.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by varispeed on Monday March 13, 2023 @10:32AM
(#35136197)
Is that when he was working at Indian restaurant "for fun"?
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by substation13 on Monday March 13, 2023 @07:48AM
(#35134355)
Do we? His style is more school-boy debate club than anything else. It doesn't matter what the reality is, so long as you get some zingers in.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by distcs on Monday March 13, 2023 @09:12AM
(#35135216)
It is really sad to see comment threads like this that devolve into shallow and petty dismissals devoid of any actual content or substance!
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by substation13 on Monday March 13, 2023 @09:23AM
(#35135368)
Fair point, so I will flesh this out a bit. The typical pattern we see in PMQs every week is this:
1. Valid concern from the opposition
2. Rishi ignores the concern
3. Rishi says something about "the member from Islington North"
4. Jeering from the back benches (both sides)
5. Opposition moves on to another topic
Or perhaps this: 1. Government back-bencher asks "Does the PM agree that we are doing a fantastic job on X?"
2. Rishi agrees
3. Rishi uses the time to grandstand about some other unrelated accomplishment
Perhaps this is more a criticism of the system than Rishi?Still, I see no evidence that he is using his position of power to improve on this.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by jeromegv on Monday March 13, 2023 @09:48AM
(#35135672)
I don't know about the UK parliament, but the Canadian parliament is quite similar in political structure and the "debates" at the chamber are a bit of a clown show as well. Just someone doing a speech and zingers, the same side applaud, the other side boos, and it goes on and on for a few hours. If the population actually saw what was happening over there, they wouldn't be too impressed. The medias tend to only feature a couple questions and a couple (empty) answers, but they typically avoid showing us the circus.
But this has been like that forever, not very specific to any party or any PM.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by mnw21cam on Monday March 13, 2023 @10:12AM
(#35135962)
People who love sausages, respect the law, and work with IT standards
shouldn't watch any of them being made. -- Peter Gutmann
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by xen2xen1 on Monday March 13, 2023 @01:30PM
(#35139195)
So the Canadian parliament isn't directly elected by the people, like the British one? That's what everyone says is the difference. Seems to make the parliament members more "hype men" than lawmakers.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by dan-robertson on Monday March 13, 2023 @10:03AM
(#35135853)
I kinda hate PMQs but I also don’t think it’s very relevant. In particular, the style doesn’t depend much on who is prime minister. If the jeering and cheering can be kept to an hour a week and most everything else is terribly dry, that feels ok to me. I think it’s important to judge people based on what they do that matters and not the things they do that don’t matter but are easy to point out and deride.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by blibble on Monday March 13, 2023 @10:12AM
(#35135956)
PMQs is supposed to be theatre
the real work happens in the boring debates and committees which aren't all over the press
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by mrguyorama on Monday March 13, 2023 @12:29PM
(#35138021)
This is just what PMQs are. It's part of the system and not any parliament member specifically.
Re:HSBC to Buy UK Arm of Silicon Valley Bank
by joe__f on Monday March 13, 2023 @04:29PM
(#35142045)
I've seen him a few times on PMQs and I thought this comment was a reasonable description