Are Indian banks future-proofing themselves as the Indian economy gets impacted by global uncertainties, wars, and the impending oil crisis pushing inflation to a new high?
“This morning, the government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC,? Treasury chief Jeremy Hunt said in a Tweet.
California-based Silicon Valley Bank, the 16th largest bank in the United States, was closed on Friday by the California Department of Financial Protection and Innovation which later appointed the FDIC as its receiver.