HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up.

Key Background. First Citizens purchased $72 billion worth of assets from SVB at a discounted price of $16.5 billion after the bank’s collapse in March.

HSBC Holdings plc's U.S. unit has hired dozens of Silicon Valley Bank bankers led by David Sabow, who most recently led the technology and healthcare banking segment for the California-based bank ...