Friday, 24 March, 2023

HSBC Acquires Silicon Valley Bank for £1

<p>HSBC has reportedly acquired Silicon Valley Bank for &pound;1 as the latter has been facing issues related to its operations. The acquisition comes as a relief to Silicon Valley Bank&#39;s depositors and customers who were worried about their funds after the bank collapsed due to operational problems. HSBC is expected to provide stability and support to the bank and its customers in the future. The acquisition will also help HSBC expand its presence in the US market.</p> <p>&nbsp;</p>