Statement from Michael Moore on the sale of Silicon Valley Bank

Responding to the announcement from Chancellor Jeremy Hunt on the sale of Silicon Valley Bank, BVCA Director General Michael Moore said:

“The sale of Silicon Valley Bank in the UK to HSBC is welcome news. Confidence should return to markets and the affected businesses with an orderly transition and access to the cash frozen over the weekend. We continue to monitor the situation and will analyse the details as they emerge later.”

For more information on any of the above, please contact External Communications Manager, Karen Keany, [email protected] or the BVCA Press Office at [email protected].