Tag: LSE:DLG
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Market News: HSBC Purchase Silicon Valley Bank UK, Signature Bank Closed by Regulators
HSBC Rescues Silicon Valley Bank UK HSBC (LSE:HSBC) averted a crisis in Britain’s tech sector by rescuing Silicon Valley Bank’s UK arm, paying a symbolic £1 for the bank. CEO Noel Quinn led the frantic negotiations with UK Prime Minister Rishi Sunak, who is currently in the US for defence talks. A sale of the…