Crypto News: In the latest turns of events, the United Kingdom (UK) government announced that HSBC holdings acquired the British subsidiary of the Silicon Valley Bank. This move comes after the United States agency moved to support the deposits of the collapsed bank.
As per reports, HSBC CEO, Noel Quinn stated that the SVB UK acquisition makes excellent strategic sense for the business in the United Kindom.
(THIS IS A DEVELOPING STORY)
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Source: https://coingape.com/crypto-news-hsbc-buys-out-troubled-silicon-valley-bank-uk/