Oil markets continued to be disrupted by the failure of Silicon Valley Bank and Signature Bank over the weekend, with oil prices losing nearly 3% just shy of the closing bell on Monday.
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Ex-Tory donor's bank Oaknorth in talks to buy stricken Silicon Valley Bank UKOaknorth, which was launched in 2015 and counts former chancellor Lord Hammond as an adviser, is plotting a takeover of the stricken UK arm of the tech-focused lender, Sky News learns.
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Bank of London submits rescue bid for UK arm of Silicon Valley BankThe Bank of London has confirmed an offer for SVB UK as start-up founders warned Jeremy Hunt that its collapse will 'cripple' the British tech sector, Sky News learns.
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Silicon Valley Bank: Shares fall as fears persist about failed US bankStock markets drop despite efforts to limit the fallout from Silicon Valley Bank's collapse.
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Silicon Valley Bank: Lessons learned from failed 'tech bank'The BBC talks to some of the UK-based tech firms which had accounts with Silicon Valley Bank.
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Silicon Valley Bank UK trouble won't affect other British banks, according to finance ministryA British clearing bank, the Bank of London, was considering a rescue bid for the UK arm of Silicon Valley Bank, as more than 250 UK tech executives signed a letter requesting government intervention.
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Silicon Valley Bank: the spectacular unravelling of the tech industry’s banker\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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