Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm: Sky News

Bank of London weighs rescue bid for Silicon Valley Bank’s UK arm: Sky News

British clearing bank The Bank of London is considering a rescue bid for the UK arm of collapsed U.S. bank Silicon Valley Bank, Sky News reported on Saturday. The British bank has appointed investment bank Perella Weinberg Partners to advise it on its interest in Silicon Valley Bank UK Limited (SVB UK), the report said, … Read more

Britain holds crisis meeting over virus travel ban

Britain holds crisis meeting over virus travel ban

LONDON: Prime Minister Boris Johnson was to chair a crisis meeting Monday as a growing number of countries blocked flights from Britain over a new highly infectious coronavirus strain the UK said was “out of control”. The World Health Organization also called for stronger containment measures across Europe, which has passed 500,000 deaths from Covid-19. … Read more