HSBC Buys SVB Arms Securing Deposit Of UK Customers
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.
Tags: HSBC, uk government, Silicon Valley Bank, business
Courtesy: Hindustan Times
Twitter Plans To Buy Silicon Valley Bank After Crisis?
Twitter CEO Elon Musk says, he is ready to by Sillicon Valley Bank, after the shocking crisis. On March 11, the Tesla Owner responded e to a tweet posted the Razer Inc CEO Min-Liang-Tan, which read, "I think Twitter should buy SVB and become a digital bank." Reacting to this tweet, Musk shared a cryptic post, indicating that he could buy SVB. "I'm open to the idea," tweeted Musk.
Tags: Twitter CEO, Elon Musk, Silicon Valley Bank, Economic crisis, Min Liang Tan
Courtesy: The Free Press Journal