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Economics

HSBC bails out Silicon Valley Bank UK

HSBC has leapt to the rescue and purchased the embattled Silicon Valley Bank's (SVB) UK arm for a total sum of £1.

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Read more: US,  SVB UK,  Silicon Valley Bank,  Fed,  Federal Reserve,  HSBC UK Bank,  President Joe Biden,  Michael Barr,  Noel Quinn,  American,  Deposit Insurance Fund,  FDIC,  HSBC Group,  Jerome Powell,  Overnight,  White House