HSBC

The British government on Monday said it had facilitated a private sale of the UK arm of the collapsed Silicon Valley Bank to HSBC Holdings Plc's 'ring-fenced subsidiary'. With this deal, the Bank of England would help for 1 pound sterling, or around Rs 99. The deal is not expected to impact HSBC's global balance sheet but will sharpen exposure in its home market, securing 3,000 SVB UK customer's deposit.