Silicon Valley Bank: HSBC £1 deal to buy collapsed bank to boost profit
HSBC bought Silicon Valley Bank’s British business in a deal led by the government and the Bank of England. …
“If you look at HSBC’s share price for the past eight years, Ping An’s investment hasn’t been a particularly good one. A break-up may enhance the value of the bank for shareholders in Asia,” says Kenny Wen, head of investment at KGI Asia in Hong Kong.
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