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HSBC buys collapsed Silicon Valley Bank s UK arm for £1

Last-minute deal secures depositors' money as tech sector battles fallout

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HSBC Takes Over Collapsed Silicon Valley Bank s UK Unit In £1 Rescue Deal

(RTTNews) - British banking major HSBC Holdings Plc has acquired collapsed Silicon Valley Bank s UK unit in a 1 pound rescue deal, with immediate .

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HSBC Buys UK Division Of Silicon Valley Bank

The FCA and PRA have given HSBC its approval.

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FDIC Nominated Fannie Mae s Former CEO, Tim Mayopoulos, To Lead Silicon Valley Bank

Before joining fintech Blend, Mayopoulos spent more than six years as the CEO of mortgage financier Fannie Mae.

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Could Silicon Valley Bank collapse put interest rate hikes on hold?

The chances of the Bank of England inflicting further pain on mortgage-payers has been significantly downgraded after the collapse of Silicon Valley Bank in the US.

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