“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

According to #HSBC #Group #CEO Noel Quinn, the acquisition makes “excellent strategic sense” for HSBC’s business in the United Kingdom, strengthens its commercial banking franchise, and enhances its ability to serve innovative and fast-growing firms.

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

According to #HSBC #Group #CEO Noel Quinn, the acquisition makes “excellent strategic sense” for HSBC’s business in the United Kingdom, strengthens its commercial banking franchise, and enhances its ability to serve innovative and fast-growing firms.

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

According to #HSBC #Group #CEO Noel Quinn, the acquisition makes “excellent strategic sense” for HSBC’s business in the United Kingdom, strengthens its commercial banking franchise, and enhances its ability to serve innovative and fast-growing firms.

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

According to #HSBC #Group #CEO Noel Quinn, the acquisition makes “excellent strategic sense” for HSBC’s business in the United Kingdom, strengthens its commercial banking franchise, and enhances its ability to serve innovative and fast-growing firms.

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

U.k banks HSBC Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers #cryptonews #hsbc #Bitcoin 

Global banking giant #HSBC is coming to rescue the United Kingdom-based branch of the collapsed #Silicon #Valley #Bank with a new acquisition.

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement