![HSBC announced a deal to buy the UK Subsidiary of collapsed US Silicon Valley Bank](https://itsecurity-informer.com/wp-content/uploads/2023/03/54.-HSBC-Buys-UK-Arm-of-Collapsed-SVB-400x250.jpg)
HSBC announced a deal to buy the UK Subsidiary of collapsed US Silicon Valley Bank
HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO Noel Quinn, “The acquisition strengthens our commercial banking franchise and enhances our ability to serve…