International Desk

HSBC acquires Silicon Valley Bank's UK unit for £1

London - SBC Holdings Plc, UK-based subsidiary of HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for a nominal fee of £1. SVB UK is a UK-based subsidiary of Silic...

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Silicon Valley Bank seizure, second biggest Bank failure in history

NEW YORK — The assets of one of Silicon Valley's top banks were seized by regulators on Friday, marking the largest failure of a U.S. financial institution since the height of the financial crisis ...

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