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HSBC puts £2 billion into SVB UK after buying it for £1, promises 'more cash'

HSBC buys Silicon Valley Bank UK: The purchase was negotiated by the British government and the Bank of England this week for the nominal sum of £1, or ₹99.

HSBC Bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration(REUTERS)
Updated on Mar 15, 2023 03:24 PM IST

HSBC buys UK arm of Silicon Valley Bank for 99, gets deposits worth US$ 8.1bn

Silicon Valley Bank crisis news: Bank of England officials indicated the fall of the Silicon Valley Bank would have little impact in the UK as the wider banking system in that country is 'safe and well-capitalised'.

A sign outside a Silicon Valley Bank branch in Frankfurt, Germany, on Monday, March 13, 2023. (AP Photo/Michael Probst)
Updated on Mar 13, 2023 03:21 PM IST

Suspended HSBC banker draws ire from academics over climate rant

(Bloomberg) -- After drawing both cheers and rebukes from within the finance industry, HSBC Asset Management’s suspended head of responsible investing has now caught the attention of academia.

Suspended HSBC banker draws ire from academics over climate rant (Bloomberg)
Published on May 31, 2022 06:02 AM IST
Bloomberg |

HSBC announces 15 crore aid to pandemic-hit dabbawalas of Mumbai

HSBC's assistance will include help on food security, life insurance, education support for dabbawalas' families, and livelihood support in form of new bicycles when the lockdowns are lifted, an official statement said.

A 'dabbawala' of Mumbai (File Photo)
Published on Jun 17, 2021 06:25 PM IST

British climate activist arrested after her group attacks HSBC, Barclays banks

Activists from the Extinction Rebellion group smashed the window frontage of HSBC and Barclays in Canary Wharf last month and have targeted Lloyd's of London as part of what the activists cast as a "Money Rebellion". Activist Gail Bradbrook was arrested from her home on Tuesday.

File Photo: Co-founder of the Extinction Rebellion group, Gail Bradbrook, poses as she and others block the road during an Extinction Rebellion demonstration at Bank, in the city of London, Britain on October 14, 2019. (Henry Nicholls / REUTERS)
Published on May 11, 2021 03:38 PM IST
Reuters |
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