A small army worked through the weekend to ensure 3,500 UK customers – largely tech firms – still had cash on Monday
From the moment Silicon Valley Bank collapsed on Friday afternoon, banking regulators knew they had just two days to shore up confidence and prevent contagion spilling over in the UK.
In offices, spare bedrooms and kitchens across the UK, it was all hands to virtual battle stations as a small army worked through the weekend and well into the early hours of Monday morning to try to salvage the UK arm of the tech lender – or risk turmoil when markets opened.
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