UK Investor Magazine

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


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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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