Silicon Valley Bank’s Collapse Had a British Silver Lining

Leaders with Francine Lacqua

Bloomberg

Entrepreneurship, Careers, Management, Business

4.6 • 64 Ratings

🗓️ 15 June 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

When HSBC bought the UK unit of Silicon Valley Bank over one frantic March weekend, the chief executive of the bank’s UK arm at the time, Erin Platts, was surprised. Having spent almost 20 years with SVB, she wasn’t expecting such a swift end for the lender. But afterwards, she found herself surprised by how positive the outcome was for her and her team. She joins this week’s In the City podcast to discuss her outlook for the City’s technology scene as it vies for AI startups. Also in the episode, Merritt speaks with London Mayor Sadiq Khan, and reporter Aisha Gani gives context to the London Week hype.

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1:07.3	I'm David Merritt. And I'm Fronzie Laqua. And this is in the city, Bloomberg's podcast connecting you to the conversations at the heart of the city of London. And this week, Dave, we talk London Tech. That's right. It is London Tech Week. We have both been down there at Westminster. I was there on day one. I think you've just got back. I just got back day two. So on the first day, when you were there, then you had the Prime Minister, Rishishisunak.
1:30.3	Cues around the block.
1:31.3	I heard it was quite difficult. I actually, it was a bit of a nightmare getting in, actually. We managed to my producer, our producer, managed to sort of slip me a bag, and I actually had to queue barge. barge they were having to hand out water because it was so hot so it was slightly chaotic in there
1:44.1	the big crowd to see rushi sunak and then i met They were having to hand out water because it was so hot, so it was slightly chaotic in there.
1:44.4	But a big crowd, Sir Rishi Sunak.
1:46.9	And then I met with the Mayor of London, Siddeek Khan afterwards as well.
1:52.2	And also part of the event's kickoff was the announcement of HSBC relaunching the recently acquired UK arm of SVB, which has now rebranded itself as HSBC
2:03.9	innovation banking. And later in this episode, you'll hear my conversation with the group's boss,
2:09.3	Erin Platts. Yeah. And then the next day, they had the opposition leader, Kirstarman. He laid out,
	...

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