In a deal facilitated by the British government and the Bank of England, HSBC has acquired the UK arm of Silicon Valley Bank (SVB) for £1, following the collapse of the US lender. The acquisition, financed by HSBC’s UK subsidiary,…
United Kingdom regulators have announced a resolution to protect creditors of the region’s subsidiary of the collapsed Carlifornia-based lender Silicon … Continued
The post HSBC buys UK arm of collapsed Silicon Valley Bank for £1 appeared first on Finbold.
Last week, we experienced the second-biggest crash in US banking history since 2008 with the collapse of Silicon Valley Bank (SVB), a bank used by thousands of tech startups. The crash, understandably, sent panic waves throughout the global startup ecosystem, with plenty of concern in Europe about what would happen to startups dependent on the […]
The post HSBC to buy Silicon Valley Bank UK for £1 in rescue deal appeared first on EU-Startups.
