HSBC to Buy UK Arm of Silicon Valley Bank
1–10 of 156 posts
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#2> HSBC announced it had acquired the UK subsidiary of SVB for £1.
What.
Well, honestly, well done everybody. This was resolved over a weekend. And shows that it can be resolved.
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#3I read this as "HSBC to Arm Silicon Valley Bank", which is an entirely different customer-management strategy.
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#4> HSBC announced it had acquired the UK subsidiary of SVB for £1. What. Well, honestly, well done everybody. This was resolved over a weekend. And shows that it can be resolved.
Too bad HSBC USA didn't take the US arm. HSBC have been exiting the US market for a while and more competition is always better.
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#5HSBC itself is being sold to other banks, for Eg in Canada it's sold to RBC, in France it's sold to another local bank...
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#6HSBC itself is being sold to other banks, for Eg in Canada it's sold to RBC, in France it's sold to another local bank...
Not all of it just a couple of their regional subsidiaries. They're the 8th largest bank in the world, just under BNP Paribas and Citigroup.
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#7> HSBC announced it had acquired the UK subsidiary of SVB for £1. What. Well, honestly, well done everybody. This was resolved over a weekend. And shows that it can be resolved.
But how? Surely it was worth more than that?
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#8> HSBC announced it had acquired the UK subsidiary of SVB for £1. What. Well, honestly, well done everybody. This was resolved over a weekend. And shows that it can be resolved.
Too bad HSBC USA didn't take the US arm. HSBC have been exiting the US market for a while and more competition is always better.
We don't know who bought SVB yet it will likely be announced tomorrow (EST/PST timezone) probably. The US gov announcing the full confidence of deposits wasn't merely an altruistic move, they likely had a buyer at the time of announcement and maybe a secondary commitment to support the mortgage debt which caused the whole thing.
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#9HSBC itself is being sold to other banks, for Eg in Canada it's sold to RBC, in France it's sold to another local bank...
It's sold to MyMoneyBank, formerly known as GE Moneybank... not exactly local :)
Re: HSBC to Buy UK Arm of Silicon Valley Bank
#10> HSBC announced it had acquired the UK subsidiary of SVB for £1. What. Well, honestly, well done everybody. This was resolved over a weekend. And shows that it can be resolved.
But how? Surely it was worth more than that?
Somebody at HSBC will be able to wine and dine off of this for the rest of their life.