It all happened very quickly. After a weekend of frenetic activity involving the government and the financial sector, a buyer was found for the U.K. arm of Silicon Valley Bank. Naturally enough, there were sighs of relief all round. Businesses that feared being denied access to their deposits could breathe again. A major player in Britain’s banking industry had galloped to the rescue in double-quick time
But for the startup community there’s still a lot to unpack.
The fact that Silicon Valley Bank U.K. has more than 3,000 customers on its books illustrates its importance to Britain’s technology and life-sciences ecosystem. These are companies that could