Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
Banking giant HSBC has announced that its UK subsidiary is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21) .
![Breaking: Silicon Valley Bank UK acquired by HSBC for a pound](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/c1f2748e-d839-4657-9dda-10dbeb048b63.jpg)
![Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYzFmMjc0OGUtZDgzOS00NjU3LTlkZGEtMTBkYmViMDQ4YjYzLmpwZw==.jpg?#)
Banking giant HSBC has announced that its UK subsidiary is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21) .
![Breaking: Silicon Valley Bank UK acquired by HSBC for a pound](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-03/c1f2748e-d839-4657-9dda-10dbeb048b63.jpg)
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