HSBC buys SVB UK arm, Power Metal Resources and Tekcapital with Alan Green

The UK Investor Magazine Podcast is joined by Alan Green as we delve into market gyrations in the wake of SVB’s failure. We also discuss a number of UK equities.

We discuss:

• HSBC (LON:HSBA)
• Power Metal Resources (LON:POW)
• Tekcapital (LON:TEK)

HSBC has stepped in to buy SVB’s UK arm and provide certainty to their deposit holders. This has avoided immediate contagion but investors a still clearly uncertain about the medium term consequences as the FTSE 100 drops another 2% in early trade on Monday.

Tekcapital has announced MicroSalt has added another distributor in H Mart. H Mart will stock their SaltMe crisps.

We also look at Power Metal Resources and their change of personnel. Paul Johnson will stand down as CEO, but will remain a part of the company.

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