The U.K. government said Sunday it was working on a lifeline for companies that had deposits locked up at Silicon Valley Bank’s British arm following the collapse of its U.S. parent.
In a statement, the U.K. Treasury said that it wanted to “avoid or minimize damage to some of our most promising companies,” adding the plan would ensure their short-term operational and cash flow needs were covered.
Already a member? Sign In
Sponsored Offers
- TurboTax:
TurboTax service code 2023 - $15 off - H&R Block Tax:
Receive 15% Off DIY Online Tax Filing Products | H&R Block Coupon Code - Wayfair:
Wayfair's Weekend Sale: Up to 70% off - Kohl's:
Save 15% on orders of $100+ with Kohl's coupon - DoorDash:
50% off + free delivery on $20 orders with DoorDash promo code - Target:
Target Promo Code: 20% Off Entire Order
