NewsBot
13-Mar-23, 00:01
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Bank Of England Statement: Silicon Valley Bank Uk Statement From The Bank Of England
The Bank of England, absent any meaningful further information, intends to apply to the Court to place Silicon Valley Bank UK Limited (‘SVBUK') into a Bank Insolvency Procedure. A Bank Insolvency Procedure would mean that eligible depositors are paid out by the FSCS as quickly as possible up to the protected limit of £85,000 or up to £170,000 for joint accounts. [Read Full Article (https://caithness-business.co.uk/article/19540)]
Bank Of England Statement: Silicon Valley Bank Uk Statement From The Bank Of England
The Bank of England, absent any meaningful further information, intends to apply to the Court to place Silicon Valley Bank UK Limited (‘SVBUK') into a Bank Insolvency Procedure. A Bank Insolvency Procedure would mean that eligible depositors are paid out by the FSCS as quickly as possible up to the protected limit of £85,000 or up to £170,000 for joint accounts. [Read Full Article (https://caithness-business.co.uk/article/19540)]