HSBC invests £2 billion in SVB UK after purchasing it for £1

  • HSBC purchases Silicon Valley Bank UK for the nominal sum of £1, or ₹99.
  • The purchase was negotiated by the British government and the Bank of England this week.
  • HSBC invests £2 billion in SVB UK after the purchase.
  • HSBC promises more cash for SVB UK.
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