Singapore has imposed a total of S$27.45mn ($21.5mn) in penalties on nine financial institutions, including UBS, Citi and Julius Baer, for breaches linked to a S$2bn money-laundering case that has ...

A defense team from Gibson Dunn secured a victory for HSBC in a lawsuit claiming the London-based bank conspired to steal trade secrets from First Citizens Bank by poaching employees acquired from ...

Trade-secrets lawsuit over HSBC's SVB hires gets watered down California judge dismisses most claims from $1B lawsuit alleging that the bank snapped up employees to mine confidential information.

HSBC has countered that it “lawfully extended job offers” to former SVB employees whose employment status was up in the air after the First Citizens acquisition.

HSBC arranged a three-day tailored programme in California last week for its Asian private bank clients to meet Silicon Valley start-ups and venture capitalists.

First Citizens later in March purchased SVB's assets and deposits for up to $500 million in stock — a fraction of what the bank was worth before it failed. HSBC separately acquired SVB's UK arm.

The acquisition of SVB’s UK business, which has been renamed as HSBC Innovation Banking, was hailed as a way for HSBC to bulk up its technology investment banking business by giving it better ...

Remember in March when HSBC bought SVB (UK) as the tech-focused US parent bank’s depositors fled after a failed capital raise to plug the black hole where its US Treasury bond portfolio used to be? It ...

The acquisition by First Citizens didn’t come with “any rights or obligations concerning former SVB employment agreements,” lawyers for HSBC said in a court filing Monday. Therefore, HSBC ...

The acquisition by First Citizens didn’t come with “any rights or obligations concerning former SVB employment agreements,” lawyers for HSBC said in a court filing Monday. Therefore, HSBC wasn’t ...

Global banking giant HSBC has acquired the UK subsidiary of now-collapsed lender Silicon Valley Bank for £1 ($1.21) after all-night talks.

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 ...