Published 6 months ago

The British subsidiary of SVB bought by HSBC for 1 symbolic pound

Summary by La Libre

There were concerns that a bankruptcy of the British branch would cause problems for many tech companies.

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Clarin

Silicon Valley Bank case: HSBC bought the bank's British subsidiary for one pound

The Treasury and the Bank of England announced the transaction, which guarantees the security of $8.1 billion in deposits.

6 months ago·C A B A, Argentina

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Jornal Expresso

HSBC buys SVB's British subsidiary for one pound

HSBC says the acquisition of SVB's UK business “makes excellent strategic sense”. Thus, the British subsidiary of the bankrupt bank was able to avoid insolvency

6 months ago·Portugal

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La Libre

The British subsidiary of SVB bought by HSBC for 1 symbolic pound

There were concerns that a bankruptcy of the British branch would cause problems for many tech companies.

6 months ago

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Digi 24

UK's Silicon Valley Bank subsidiary bought by HSBC for one pound sterling

HSBC announced an agreement Monday to buy Silicon Valley Bank's UK subsidiary in the wake of the collapse after talks that lasted all night, writes CNBC.

6 months ago·Romania

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forbes.ru

HSBC will buy the British subsidiary of the collapsed bank for SVB startups for 1 pound

British bank HSBC will buy a subsidiary of the collapsed Silicon Valley Bank in the UK. The deal was only worth £1

6 months ago

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Bitfinsider

HSBC Subsidiary to Acquire Silicon Valley Bank's U.K. Unit for 1 Pound

According to a statement, HSBC Holdings Plc (HSBA) announced that its ring-fenced subsidiary in the United Kingdom, HSBC U.K. Bank, is purchasing Silicon Valley

6 months ago

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