HSBC boss Noel Quinn laid out a fresh vision for the development of SVB UK after it bought the beleaguered bank for £1 in March.
Quinn said he planned to unveil a new name for the entity following the demise of its US parent, and give it the opportunity to grow into a global business. There would be no staff cuts at the bank, its Finsbury Square offices would remain open and employees would not be asked to move to HSBC’s headquarters in Canary Wharf.
