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Evening Standard

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City Staff

FTSE 100 Live: HSBC acquires Silicon Valley Bank UK, lowest FTSE close of 2023

HSBC Silicon Valley Bank United Kingdom SVB UK

Banking giant HSBC has stepped in to rescue the UK operations of tech sector lender Silicon Valley Bank.

Chancellor Jeremy Hunt said: “HSBC is Europe’s largest bank, and SVB UK customers should feel reassured by the strength, safety and security that brings them.”

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