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‘We need a plan for Monday’: UK authorities scramble to stem Silicon Valley Bank fallout

City leaders fear the SVB crisis will spread to London as government starts emergency talks

'Will we see real economy effects? No doubt'
'Will we see real economy effects? No doubt' Photo: Justin Sullivan/Getty Images

On 10 March, Silicon Valley Bank's UK boss Erin Platts told a Zoom call with investors the bank was "doing the best that it can" to support them.

She reassured them SVB UK was still processing payments, opening accounts and funding loans after the collapse of its parent in California.

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