Statement: Silicon Valley Bank
13 March 2023
While the last few days have seen turmoil for the tech and life sciences sectors as a result of the collapse of Silicon Valley Bank (SVB), customers can take some comfort from the measures put in place by the US authorities and the purchase of SVB in the UK by HSBC. The situation is fast moving and continuing to evolve, so for those seeking up to date information we advise them to visit both the UK government and US treasury pages here:
The teams at Birketts are keeping up to date with the developments, and are on hand to provide advice and guidance. Whilst everyone’s situation will be specific to them, our teams are available to speak to clients who would like to talk through any questions or concerns.
Get in touch: