--Silicon Valley Bank's U.K. arm has had hundreds of millions of pounds of deposit inflows after its 1 pound ($1.23) rescue takeover by HSBC Holdings PLC, Sky News reports.

--SVB UK's deposit base has risen to GBP7 billion 10 days after HSBC agreed to acquire the bank, Sky News reports, citing unnamed sources.

--Nearly GBP3 billion of deposits were withdrawn from SVB UK between March 9 and March 10, after its U.S. parent company collapsed following a run on deposits, Sky News reports.

Full story: https://bit.ly/3yXYcyD

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

March 23, 2023 08:58 ET (12:58 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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