UK Part of Silicon Valley Bank Bought UK HSBC for $1.2
by Brian Wang from NextBigFuture.com on (#69RPE)
HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for 1. As at 10 March 2023, SVB UK had loans of around 5.5bn and deposits of around 6.7bn. For the financial year ending 31 December 2022, SVB UK recorded a profit before ...