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Posts tagged as “HSBC”

UK Treasury and Bank of England Facilitate Sale of Silicon Valley Bank UK to HSBC, Ensuring Security of £6.7 Billion Deposits

Key takeaways: The UK Treasury and Bank of England facilitated the sale of Silicon Valley Bank UK to HSBC, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits. British and US officials worked throughout the weekend to find a buyer for the UK subsidiary. The sale of Silicon Valley Bank UK to HSBC has restored confidence in the…