- Bailey speech: Silicon Valley Bank collapse was fastest since Barings
Market news
28 March 2023
Bailey speech: Silicon Valley Bank collapse was fastest since Barings
Bank of England (BoE) Governor Andrew Bailey is testifying, along with Deputy Governor David Ramsden, about the collapse of Silicon Valley Bank (SVB) before the Treasury Select Committee on Tuesday.
Key quotes
Silicon Valley Bank collapse was fastest since Barings.
Credit Suisse was company-specific issue.
I don't think any of these features of recent bank problems are causing stress in the UK.
We are in a period of heightened tension and alertness.
more to come ...
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