HSBC Unveils HSBC Innovation Banking with Expertise Help from Its Silicon Valley Bank UK (SVB UK)
The HSBC Innovation Banking unit has more than 650 employees in the UK, over 40 members in the US, and hiring more in Hong Kong and Tel Aviv.
HSBC Acquires Troubled Silicon Valley Bank (SVB) UK Subsidiary for £1, Shares Down Today
HSBC’s announcement came at a time the United States government announced a $25 billion bailout of struggling Silicon Valley Bank and Signature Bank to avoid a further banking crisis.