HSBC has lured ‘billions’ from tech startups since its £1 deal for SVB UK unit

HSBC has lured ‘billions’ from tech startups since its £1 deal for SVB UK unit

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HSBC paid £1 for a £1.4 billion business when it acquired the UK unit of Silicon Valley Bank earlier this month, CEO Noel Quinn says. It has since lured billions of deposits from global tech start-ups.

#hsbc #siliconvalleybank #noelquinn

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