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HSBC says it has acquired Silicon Valley Bank UK

03/13/2023
Less than a minute

2023.03.13 03:17


© Reuters. FILE PHOTO: HSBC’s logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid

LONDON (Reuters) – HSBC said on Monday it had acquired the UK subsidiary of Silicon Valley Bank for 1 pound.

“This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said in a statement.

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03/13/2023
Less than a minute

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