Asia Sentinel

Asia Sentinel

Share this post

Asia Sentinel
Asia Sentinel
Contagion From SVB’s Collapse Spreads to Asia
Business/Economy

Contagion From SVB’s Collapse Spreads to Asia

HSBC buys SVB’s UK unit to rescue UK tech sector

Mar 14, 2023
∙ Paid

Share this post

Asia Sentinel
Asia Sentinel
Contagion From SVB’s Collapse Spreads to Asia
Share
By: Toh Han Shih

The fallout from the collapse of Silicon Valley Bank (SVB), the biggest bank failure since the 2008 global financial crisis, has spread to Asia. Yet HSBC, which for all purposes is largely an Asian bank, is picking up the pieces from SVB’s carcass to provide relief for the UK economy, by announcing on March 13 that it would buy SVB’s UK …

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share