HSBC chief executive Noel Quinn announced the acquisition of the Silicon Valley Bank UK unit for £1.
HSBC said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
HSBC chief executive Noel Quinn said the acquisition makes "excellent strategic sense" for the bank's UK business and strengthens its commercial banking franchise and enhances the ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, i...
