In a statement, HSBC CEO Noel Quinn said the acquisition meant that “SVB UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength ...

First Citizens BancShares, which acquired the failed Silicon Valley Bank after the federal government seized the firm in March, is suing British banking giant HSBC for allegedly illegally hiring ...

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential ...

Two weeks after First Citizens acquired SVB on March 27, HSBC poached 42 bankers on Easter Sunday and brazenly took and misused SVB’s confidential, proprietary and trade secret information ...

HSBC Holdings plc agrees to acquire SVB Financial Group's UK-based business for merely £1. Although a distressed asset, SVB's UK-based segment is a going concern with an accounting surplus.

HSBC (HSBC) said Monday its ring-fenced subsidiary HSBC UK Bank will acquire the British unit of failed lender Silicon Valley Bank, owned by SVB Financial (NASDAQ:SIVB), for £1. The company said ...

Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC ...

The HSBC Holdings Plc on Monday, announced that it has acquired the Silicon Valley Bank UK Limited for £1. In a statement released on Monday, the HSBC said that the acquisition would strengthen ...

May 22 (Reuters) - First Citizens BancShares Inc (FCNCA.O), opens new tab, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC (HSBA.L), opens new tab on Monday ...

HSBC Holdings Plc on Monday, announced that it has acquired the Silicon Valley Bank UK Limited for £1. In a statement released on Monday, HSBC said that the acquisition will strengthen its ...