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718. News: The ultimate Silicon Valley Bank explainer

Fintech Insider Podcast by 11:FS

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HSBC Buys Silicon Valley Bank for £1 in a Rescue Deal

HSBC has bought Silicon Valley Bank's UK unit for £1 in a rescue deal. The possible collapse of SVB UK had raised fears for the health of Britain's tech and life sciences industries. Deal will see HSBC pay a symbolic £1 for SVB UK, avoids the UK government having to step in to protect depositors.

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