HSBC plans to acquire Silicon Valley Bank UK for £1, citing "strategic sense for our business"; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits (Iain Withers/Reuters)

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Iain Withers / Reuters:
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits  —  HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.

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