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HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound

Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.

Updated May 9, 2023, 4:10 a.m. Published Mar 13, 2023, 7:52 a.m.
Silicon Valley Bank sign (SVB)
Silicon Valley Bank sign (SVB)