Business UK
Silicon Valley Bank UK sold to HSBC for ONE POUND
The UK arm of collapsed US lender Silicon Valley Bank has been bought by HSBC after the Government and Bank of England stepped in to “facilitate” a private sale.
Chancellor Jeremy Hunt confirmed that all customer deposits have been protected under the deal, with no taxpayer cash involved.
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Donald Trump hails “extremely positive and productive conversations” with China as the President speaks at a state banquet with the Chinese President Xi Jinping in Beijing.
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
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@karendylon9867
January 7, 2024 at 11:25 am
I’m so disappointed at these banks that ran away with our money. ”Are the government working towards helping us to recover our losses? Well it’s been all beneficial, I’m glad I found the secret ever since my retirement. I’d suggest you give crypto currency a trial and see for yourself.
I’ve made passively few thousands lately with the help of an experienced platform who’s method are top notch and profitable.
I’m absolutely grateful to God for leading through the right path.
@darrenmclaughlin3028
January 7, 2024 at 11:25 am
Why is Richard Desmond on the ritch list is it because he made his wealth from thin air bank transfers from third world countries with there man working in English and American banks
@theequaliser8026
January 7, 2024 at 11:25 am
The great banking scam well we never seen that coming lol
@monktontrimble763
January 7, 2024 at 11:25 am
Vote tory and labour OUT in may ..DONT FALL FOR THE SHIT …U AINT SEEN NOTHING YET ..VOTE THEM OUT!!!
@alisin1dland68
January 7, 2024 at 11:25 am
No contagion? Signature bank … Really confused over this , perhaps Liam could answer why HSBC along with the UK treasury worked together to buy out Silicone valley bank ? Why is Biden all over US media saying the US are going to bail out Silicone Valley Bank if HSBC have brought it for £1. Liam says they failed because of interest rate rises , really ? Didn't the banks accountants know that interest rates wouldn't stay at 0. Could someone please explain to a layperson what this is really all about .
@simonjandrell5897
January 7, 2024 at 11:25 am
what a Banking bargain innit
@christopher9727
January 7, 2024 at 11:25 am
Love of money is sin come to Jesus Christ today
Don't follow the worldly trends follow Jesus Christ today
There is no security or hope with out Jesus Christ in this world come and repent of all sins today
Today is the day of salvation come to the loving savior Today repent and do not go to hell
Come to Jesus Christ today
Jesus Christ is only way to heaven
Repent and follow him today seek his heart Jesus Christ can fill the emptiness he can fill the void
Heaven and hell is real cone to the loving savior today
Today is the day of salvation tomorrow might be to late come to the loving savior today
John 3:16-21
16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. 19 And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil. 20 For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved. 21 But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God.
Mark 1.15
15 And saying, The time is fulfilled, and the kingdom of God is at hand: repent ye, and believe the gospel.
2 Peter 3:9
The Lord is not slack concerning his promise, as some men count slackness; but is longsuffering to us-ward, not willing that any should perish, but that all should come to repentance.
Hebrews 11:6
6 But without faith it is impossible to please him: for he that cometh to God must believe that he is, and that he is a rewarder of them that diligently seek him.
Jesus
@megstlimeelim4786
January 7, 2024 at 11:25 am
How much Infosys will be worth 😅 after 50% drop
@pigeonpoo1823
January 7, 2024 at 11:25 am
Woahhhhhhh there.
Why didn't they put it up on eBay.
Reserve price £1.
@garrysims1675
January 7, 2024 at 11:25 am
This coming Friday will reveal all. The Government know that a bank run will collapse the whole financial system, it can't be stopped, they cannot stop it. BRACE YOURSELF FOR THE "Bail-Ins".
@mygreatbigfoot1679
January 7, 2024 at 11:25 am
I don’t know who made that music during the ad but i’d like them to read this comment and realise that i hate it. Hum hum hum hum hum🤢🥱🤮💩🤬
@mygreatbigfoot1679
January 7, 2024 at 11:25 am
Tell us the story about the transaction, ah so you don’t have the details, yeah i was wondering how John Lesley came up.
@heresjohnny6377
January 7, 2024 at 11:25 am
BANK BASTARDOS!!!
@gregmoore167
January 7, 2024 at 11:25 am
Why £1 and not 1p?
@klackon1
January 7, 2024 at 11:25 am
The mission statement for SVB was Equity, Diversity and Inclusivity. This appears to have been it's policy for lending, rather than the way it treated it's employees. It reminded me of the US banks that knowingly granted mortgages to people who could not make the repayments.
@eszterfodor1136
January 7, 2024 at 11:25 am
Every bank does the same. Even if they create money out of thin air and cause higher inflation, the taxpayer will pay for it.
@eriktopolsky8531
January 7, 2024 at 11:25 am
Ups SPINELESS BANKSTERS did it again, SVB played rullete with cryptocurrencies, and lost, let gamlers rot . Are we gonna bailout each GAMLER every time they loose? If their investment bring profit , profit is PRIVATE, if they loose THE LOSS is PUBLIC we bail them out. DISGRACE to averige citizen paying taxes. HSBC buys TOXIC BANK wow, just wow
@paulgibbons2320
January 7, 2024 at 11:25 am
Too big to fail. 😂
Dear oh dear.
Someone tells me they are a financial expert. I just shake my head an have a little laugh.
@stequality
January 7, 2024 at 11:25 am
You all finally getting it now?
@a.hoctavius5848
January 7, 2024 at 11:25 am
Economists always want to bail out big business, but never the workers
@chrismac2234
January 7, 2024 at 11:25 am
I disagree with cause. All governments across the west printed trillions of dollars.
@EppingBlogger
January 7, 2024 at 11:25 am
Liam says there must have been a lot of losses in the UK bank of SVB but I wonder why. Is it suggested the UK bank failed to manage its solvency properly or did it have excessive debts due from its parent company in California.
UK regulated businesses are subject to intense regulation, regular reporting and strict solvency levels. It is hard to believe SVB UK could have lost its reserve capital in a short time.
We need to know the story as management faults and regulatory inadequacy needs to be aired.
@khiburgess5848
January 7, 2024 at 11:25 am
No chance of contagion on this one they are over egging this one.
@fionamurray2295
January 7, 2024 at 11:25 am
Go woke, go broke.
@stephenwhite345
January 7, 2024 at 11:25 am
Smoke and mirrors,
@petermitchell6348
January 7, 2024 at 11:25 am
The HSBC ship anchoring itself to the Titanic!
@ronhonywill9755
January 7, 2024 at 11:25 am
Sold?!! You mean HSBC took in the debts!
But don’t worry if all fails the British taxpayers will bail them out AGAIN!
@cailancook9720
January 7, 2024 at 11:25 am
Quantitative Easing, Modern Monetary Theory, money printers go brrrrr… 🫠
@ohdearism
January 7, 2024 at 11:25 am
The taxpayer bails out the banks… again. Socialism for the rich, poverty for the poor.
@ooz139mm
January 7, 2024 at 11:25 am
SVBC was hiring their top staff based on identity politics and not skill sets, it was also investing based on woke agendas, it was literaly going on about equity, climate and LGBTQ+ etc. It got woke and went broke.