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Thursday, December 26, 2024

Breakingviews – HSBC turns Silicon Valley Bank calamity into gold

LONDON, March 13 (Reuters Breakingviews) – A crisis can be an opportunity for the prepared. That’s what HSBC (HSBA.L) may find with its acquisition of Silicon Valley Bank’s UK arm (SVBUK), announced on Monday morning. The London-based giant is paying 1 pound for the failed Californian lender’s …

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