Deposits protected as HSBC acquires UK arm of Silicon Valley Bank

US president Joe Biden insists Americans can have confidence about the safety of bank deposits

Regulators are racing to sell Silicon Valley Bank's assets. Photograph: Jim Wilson/The New York Times
Regulators are racing to sell Silicon Valley Bank's assets. Photograph: Jim Wilson/The New York Times
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Peter Flanagan

Peter Flanagan

Peter Flanagan is an Assistant Business Editor at The Irish Times
Joe Brennan

Joe Brennan

Joe Brennan is Markets Correspondent of The Irish Times
Martin Wall

Martin Wall

Martin Wall is the Public Policy Correspondent of The Irish Times.