News

March 13, 2023

Rescue deal: HSBC buys Silicon Valley Bank UK

The sale means all customers can access deposits and use banking services as normal today


Amy Lewin

2 min read

Credit: Joshua Lawrence

HSBC has bought Silicon Valley Bank UK for £1 in a rescue deal confirmed this morning in a statement from the UK Treasury.

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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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