LONDON (Reuters) – HSBC said on Monday it had acquired the UK subsidiary of Silicon Valley Bank for 1 pound. “This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said in a statement. (Reporting by Iain Withers; editing by John O’Donnell)
Business
HSBC says it has acquired Silicon Valley Bank UK
LONDON (Reuters) – HSBC said on Monday it had acquired the UK subsidiary of Silicon Valley Bank for 1 pound.
“This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said in a statement.
(Reporting by Iain Withers; editing by John O’Donnell)