Rishi Khosla, the co-founder and chief executive of OakNorth, tells the story of how OakNorth bid for Silicon Valley Bank UK during a frantic weekend in March 2023 and why the eventual deal with HSBC could be bad for innovation and start-ups.

Aside from recent events, Khosla talks about building OakNorth into the most valuable fintech in the UK, the challenges it has faced since then, and his concerns about listing in London. Finally, the OakNorth boss sets the record straight on whether he is a donor to the Conservative Party or not…