HSBC buys British arm of collapsed Silicon Valley Bank, deal facilitated by Bank of England and UK government
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Amid the collapse and closure of three banks in the United States, HSBC has bought the British arm of the collapsed Silicon Valley Bank, according to a report by The Spectator Index. As per reports, HSBC has bought the UK arm of the collapsed Silicon Valley Bank in a rescue deal. The deal was facilitated by the Bank of England and the UK government.
