Banking regulator Sam Woods: ‘This is the most intense period since the 2008 financial crisis’
TheGuardian
SEPTEMBER 23, 2023
The boss of the Bank of England’s Prudential Regulation Authority (PRA) had headed to Devon for a celebratory weekend with his wife. At 7am on Monday it was announced that HSBC would come to the rescue, paying £1 for SVB’s UK operations and averting a cash crunch that could have paralysed Britain’s startup sector. Continue reading.
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