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HSBC bags £135m from UK wing of collapsed Silicon Valley Bank
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HSBC bags £135m from UK wing of collapsed Silicon Valley Bank
The rescued UK wing of Silicon Valley Bank has paid another bumper dividend to HSBC as it racked up costs amid a sweeping restructure. HSBC Innovation Banking – the branding bestowed on the collapsed Silicon Valley Bank UK (SVBUK) – was taken over by Europe’s largest lender in March 2023 as ministers, regulators and banking executives scrambled to save the failed firm. The tech-focused lender, which targets fast-growth companies in a bid to help…
·London, United Kingdom
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