HSBC

It is reported that JPMorgan Chase published a research report that HSBC Holdings announced the acquisition of SVB UK, a British branch of Silicon Valley Bank. Although the indicated purchase price is £ 1, the actual price depends on the amount of the capital gap of SVB UK. The bank believes that there is no obvious synergy between HSBC and the UK branch of Silicon Valley Bank, and it can be regarded as a national service act to prevent the liquidity risk of small UK banks. JPMorgan Chase mentioned that this matter is neutral for HSBC, but negative for SVB’s peers and subsidiaries. JPMorgan Chase: There is no obvious synergy between HSBC Holdings and the UK branch of Silicon Valley Bank Analysis based on this information:The recent news of HSBC Holdings acquiring SVB UK, the British branch of Silicon Valley Bank, has created ripples in the banking sector. JPMorgan Chase, one of the leading investment banking and financial services providers,…

It is reported that HSBC Holdings Limited plans to inject 2 billion pounds (US $2.4 billion) of working capital into the UK subsidiary of Silicon Valley Bank. Chief Executive Officer Noel Quinn and Ian Stuart, head of HSBC UK, told London technology investors on Monday that the bank would invest billions of pounds to ensure that SVB UK continued to operate as usual. A spokesman for the bank confirmed the amount. Bloomberg: HSBC plans to inject US $2.4 billion of working capital into the UK subsidiary of Silicon Valley Bank Analysis based on this information:HSBC Holdings Limited has announced its plan to provide £2 billion (US $2.4 billion) of working capital to the UK subsidiary of Silicon Valley Bank (SVB). The announcement was made by Chief Executive Officer Noel Quinn and Ian Stuart, head of HSBC UK, during a meeting with London technology investors on Monday. The bank pledges to invest billions of pounds to ensure that SVB UK can…

It is reported that according to a statement, HSBC acquired the British subsidiary of Silicon Valley Bank for £ 1. As of March 10, the British subsidiary of Silicon Valley Bank had loans of about 5.5 billion euros and deposits of about 6.7 billion pounds. The Bank of England said in a separate statement that it had facilitated the transaction, and customer deposits would be protected, and the transaction did not involve taxpayers’ money. HSBC Holdings: Acquisition of the UK subsidiary of Silicon Valley Bank for £ 1 Analysis based on this information:HSBC has recently acquired the British subsidiary of Silicon Valley Bank at a cost of only £1. According to a statement, the acquisition included loans that amounted to approximately 5.5 billion euros and deposits of around 6.7 billion pounds as of March 10. The Bank of England facilitated this transaction, assuring customers that their deposits are protected and taxpayers’ money was not involved. The acquisition of the British…