TechFlow news, according to Bloomberg, HSBC Holdings Plc plans to inject £2 billion ($2.4 billion) in liquidity into the UK subsidiary of Silicon Valley Bank. CEO Noel Quinn and HSBC UK head Ian Stuart told London-based tech investors during a conference call on Monday that the bank will commit billions of pounds to ensure SVB UK continues operating as normal. A bank spokesperson confirmed the amount.
HSBC Holdings Plc previously announced that its UK subsidiary is acquiring Silicon Valley Bank UK (SVB UK) for £1.Original link




