HSBC buys SVB UK as regulators back US deposits

clock • 6 min read
HSBC buys SVB UK as regulators back US deposits

Government facilitates emergency sale of UK arm of troubled bank, assuring customers they have access to their deposits

HSBC has bought Silicon Valley Bank UK, ensuring customers of the failed US-founded institution have access to their deposits and banking services. The news of the sale was revealed this morning by...

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