UK May Unveil SVB Plan 'Shortly'

The transcript discusses Prime Minister Sunak's upcoming statement regarding financial stability and support for the technology sector. It highlights potential buyers for the SVB UK division, including HSBC, Lloyds, JP Morgan, and Barclays, while noting the involvement of Abu Dhabi's royal group. The US has guaranteed deposits, and the UK is working on a similar solution. A Plan B involves banks and the government discussing deposit guarantees.

What is the significance of the US guaranteeing deposits in relation to the UK?

What alternative plan is in place if the sale of the bank does not happen?