[neilwilson]

It's was totally safe until Monday morning when all the depositors would leave.

HSBC has a huge Sterling reserve buffer that can easily accommodate that exodus. (Essentially HSBC UK becomes the depositor of last resort in SVB UK).

Remember that the issue with SVB was that it was taking duration risk when it hadn't the deposits to match that duration. The HSBC parent company can easily provide that duration.

Cashflow issues kill profitable operations. They kill banks in double quick time.

[martinald]

As far as I understand SVB UK did not have a duration risk like the parent co.