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A comment on HSBC to Buy UK Arm of Silicon Valley Bank. Parent comment

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.

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Re:HSBC to Buy UK Arm of Silicon Valley Bank by kmlx on Monday March 13, 2023 @07:30AM (#35134209)
> 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...

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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.
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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
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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.
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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.
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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.
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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"?
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