![HSBC acquires Silicon Valley Bank’s UK operations for £1/share](https://dailytalks.org/wp-content/uploads/2023/03/46006-hsbc-acquires-silicon-valley-banks-uk-operations-for-1-share.jpeg)
Hongkong and Shanghai Banking Corporation Limited (HSBC) has acquired Silicon Valley Bank’s UK operations after the U.S. parent company declared bankruptcy. HSBC, a small business lender OakNorth, and a consortium of private equity firms led by Bank of London, a clearing bank, had competed for the acquisition of Silicon Valley Bank…
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