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HSBC lands £333m from takeover of Silicon Valley Bank UK
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HSBC Innovation Banking hands parent £333m in dividends after profit rockets
The lender, which had been the UK subsidiary of Silicon Valley Bank until the latter's demise in 2023, paid HSBC a special dividend of £198m in 2024, followed by another £135m interim dividend in April 2025
·London, United Kingdom
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HSBC lands £333m from takeover of Silicon Valley Bank UK
HSBC Innovation Banking has handed a £333m in dividends to its parent company amid a surge in profitability after completing its first full year as a subsidiary of HSBC Group. The lender, which had been the UK subsidiary of Silicon Valley Bank until the latter’s demise in 2023, paid HSBC a special dividend of £198m in 2024, followed by another £135m interim dividend in April 2025, accounts posted to Companies House show. The combined £333m in ca…
·London, United Kingdom
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