HSBC Buys Silicon Valley Bank in Last Minute Deal; Signature Bank Latest to Close as Crypto Crumbles
Briefly

In today's ExchangeWire news digest: a last minute government deal by the UK government will see HSBC acquire Silicon Valley Bank; Signature Bank becomes the latest crypto-friendly institution to shut down; and Meta is reportedly working on a standalone app to rival Twitter.HSBC to buy SVB for £1 following government deal
The UK government has arranged for Silicon Valley Bank's (SVB) UK operations to be bought out by HSBC.
Read at Exchangewire
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