HSBC Buys Collapsed Silicon Valley Bank For £1

Reading Time: < 1 minute Banking giant HSBC agreed to buy the British arm of collapsed Silicon Valley Bank on Monday after all-night talks. HSBC confirmed Monday morning that the British ring-fenced subsidiary, HSBC UK Bank, agreed to pay £1 ($1.21 at time of writing), CNBC reported. The only assets and liabilities excluded from the deal are those held by […]

Source: HSBC Buys Collapsed Silicon Valley Bank For £1

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