HSBC says UK arm of Silicon Valley Bank to spur its new global tech business
HSBC purchased SVB’s UK arm for £1 when the US lender collapsed in March
Stock image. Photo: Matt Crossick/PA Wire — © PA
Harry Wilson, Manus Cranny, Ambereen Choudhury
HSBC’s chief executive officer Noel Quinn has said the bank's takeover of the British arm of Silicon Valley Bank will provide the basis for a new global technology business.
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