UK subsidiary of global banking giant HSBC, The UK arm of the recently closed US Silicon Valley Bank (SVB) has acquired SVB UK for £1.
HSBC’s UK subsidiary HSBC UK According to a press release published on March 13 by 6.6 billion dollar loan and 8.1 billion with dollar deposits SVB UK Bought it for £1.
Noel Quinn, CEO of HSBC Group, Bank of England (BoE) by financial stability more and protecting customers The acquisition agreement facilitated for strategic meaning stated that. The CEO move affects HSBC’s commercial banking network that you strengthen Moreover technology And life science it is about to included too innovator And fast growing to companies power to serve has increased expressed.
With the purchase HSBC, SVB UK of customers March 13 funds as of that you can reach stated.
British Finance Minister Jeremy Hunt about the deal in his postowns the country’s technology sector to come out fulfill their promises what they brought by declaring that SVB UK’s deposits, protected without the support of taxpayers. expressed.
Silicon Valley Bank’s activities in the USA March 10 by the country’s financial regulators on was terminated And but in a recent statement assets of depositors can reach had been transferred.