The collapse of Silicon Valley Bank is not an early indicator of a 2008-style economic crisis, experts have said, instead arguing the fall of the institution is a symptom of the end of a period of "free-and-easy money". While many have asked whether the largest bank failure since the Global Financial Crisis portends a second similar event, most argue the idiosyncratic nature of SVB's business is to blame for its collapse, rather than systemic issues in the banking situation. This morning (13 March), HSBC bought the firm's UK arm, purchasing SVB UK for £1, along with all its liabilitie...
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