A business lender founded by a prominent former Conservative Party donor is in talks to buy the British operations of Silicon Valley Bank, the US lender which collapsed last week.

Sky News can exclusively reveal that Oaknorth Bank, which was valued at nearly $3bn in a funding round in 2021, is in detailed talks with banking regulators and the government about an offer to buy Silicon Valley Bank UK.

Read more here: https://news.sky.com/story/ex-tory-donors-bank-oaknorth-in-talks-to-buy-stricken-silicon-valley-bank-uk-12832334

#siliconvalleybank #techbusiness #bankingsystem #rishisunak #jeremyhunt #skynews

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