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HSBC acquires Silicon Valley Bank UK for 拢1

HSBC UK Bank plc is acquiring Silicon Valley Bank UK for 拢1. The collapse of SVB in the US on Friday had led to fears that its UK arm, operated as a separate business, would also close. They were realised as it entered insolvency on Sunday, with Chancellor Jeremy Hunt warning that the situation put … Continue reading HSBC acquires Silicon Valley Bank UK for 拢1