HSBC to buy UK arm of Silicon Valley Bank

1 year ago 49
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A woody has been agreed for HSBC to bargain the UK limb of the failed US Silicon Valley Bank (SVB), the authorities has announced.

Customers and businesses who person wealth deposited successful SVB UK volition beryllium capable to entree it arsenic good arsenic different banking services arsenic normal, a connection said.

The Treasury said the woody with HSBC progressive nary payer money.

HSBC said it had acquired the UK subsidiary of SVB for £1.

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