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SVB's UK Unit Sold To HSBC By Regulators For £1

By Alex Davidson ( March 13, 2023, 12:07 PM GMT) -- HSBC UK Bank PLC said on Monday that it has bought the U.K. arm of Silicon Valley Bank for a token price of £1 ($1.20) in a deal facilitated by finance regulators as they seek to stave off risk to thousands of technology businesses....

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