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Coin Edition
2023-03-13 16:31:00

HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal

HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal

HSBC Holdings plc has announced that its UK ring-fenced subsidiary, HSBC UK Bank plc, has acquired Silicon Valley Bank UK Limited (SVB UK) for a nominal consideration of £1. SVB UK had loans of approximately £5.5bn and deposits of approximately £6.7bn as of March 10, 2023. For the financial year ending December 31, 2022, SVB The post HSBC UK Bank Acquires Silicon Valley Bank UK in Rescue Deal appeared first on Coin Edition .

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