HSBC buys Silicon Valley Bank UK to protect startups from fizzling out
Briefly

The Silicon Valley Bank UK acquisition will enable HSBC to expand its presence in the tech industry and further develop its fintech capabilities.Following the sudden collapse of the Silicon Valley Bank in the U.S., HSBC Holdings has sealed the purchase of the U.K. arm of SVB for £1 ($1.21 USD).
Read at TechRepublic
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