The deal excludes the assets and liabilities of SVB UK’s parent company.
As of March 10, the UK arm of SVB had loans of around £5.5 billion ($6.7 billion) and deposits of around £6.7 billion ($8.1 billion), HSBC said in an official announcement….
Read More: HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What’s Going On?