UPDATE: HSBC buys the UK division of Silicon Valley Bank for £1
Bloomberg Daybreak: Europe Edition
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Jeremy Hunt's Deal to Buy HSBC UK
HSBC agrees deal to buy out UK unit of the collapsing Silicon Valley Bank. No taxpayers' money has been used, says Chancellor Jeremy Hunt. Octavio Morenzi: HSBC could not possibly have done any sort of due diligence on the acquisition target in the time available.
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