UPDATE: HSBC buys the UK division of Silicon Valley Bank for £1

(1) HSBC buys the UK division of Silicon Valley Bank for a nominal fee. (2) US authorities protect SVB deposits in a bid to avert contagion. (3) Sunak says that a plan to support UK tech businesses will be announced "very shortly" (4) Goldman scraps it's bet on a March rate hike because of "recent stress in the banking system." See omnystudio.com/listener for privacy information.