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Wealth and Asset Management

HSBC acquires Silicon Valley Bank UK Limited

March 13, 2023

By News Team

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HSBC Holdings plc has announced that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around £5.5bn and deposits of around £6.7bn. For the financial year ending 31 December 2022,…

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