HSBC buys Silicon Valley Bank's UK arm for £12 min read . Updated: 13 Mar 2023, 01:29 PM IST
- The move comes after US authorities moved to shore up deposits and stem any wider fallout from the sudden collapse of its parent, tech start-up lender Silicon Valley Bank
HSBC Holdings Plc is buying the UK arm of Silicon Valley Bank, the culmination of a frantic weekend where ministers and bankers explored various ways to avert the SVB unit’s collapse.
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