HSBC, which is headquartered in London, said in a statement that SVB UK had deposits totalling about £6.7 billion, or about $8 billion. The bank has loans totalling about £5.5 billion and had a ...

As of last Friday, SVB UK had loans of approximately £5.5 billion ($6.7 billion) and deposits of around £6.7 billion ($8.1 billion), according to the HSBC statement.

The wider UK banking system remains safe, sound, and well capitalised. Noel Quinn, HSBC Group CEO, welcomed Silicon Valley Bank UK customers in a statement, saying they could continue to bank as ...

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, safety ...

HSBC has acquired Silicon Valley Bank's UK unit for 1 British pound, or $1.21, according to a statement from the bank Monday.

LONDON (Reuters) -HSBC has kicked off a process to find a new CEO for its UK business after appointing Ian Stuart to a newly created role in charge of customer engagement and culture, the bank ...

Natwest and Lloyds offer competing accounts with a range of perks from cheaper mortgages to cashback to entice those with ...

After shutting its retail banking business in the United States in 2021, HSBC Holdings PLC HSBC is now set to close its business banking division in the country. This announcement comes amid the ...

UK-based banking giant HSBC has announced that 50-year-old Georges Elhedery will be its next chief executive. ... and our people," HSBC's chairman Sir Mark Tucker said in a statement.

HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of chief executive Georges Elhedery’s plan to overhaul its operations.

By Jaiveer Shekhawat and Saeed Azhar (Reuters) -HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle ...

HSBC has kicked off a process to find a new CEO for its UK business after appointing Ian Stuart to a newly created role in charge of customer engagement and culture, the bank said on Tuesday.