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The Latest Breaking News from HSBC

HSBC to buy Silicon Valley Bank UK after weekend of crisis talks

Chancellor Jeremy Hunt said deposits will be protected

The Independent UK

HSBC buys UK arm of troubled Silicon Valley Bank with no cost to taxpayer

Silicon Valley Bank's (SVB) possible collapse had posed a serious threat to the tech sector which had deposited large amounts of cash with the bank. HSBC has now bought the UK arm of the struggling bank.

Wales Online

HSBC will buy UK subsidiary of collapsed Silicon Valley Bank

The UK Treasury and the Bank of England have “facilitated the sale″ of Silicon Valley Bank UK to HSBC, ensuring the security of 6.7 billion pounds ($8.1 billion) of deposits

The Independent UK

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Silicon Valley Bank's U.K. arm sold to HSBC for £1

Despite its name, the bank best known for serving startups as its customers is a global business, with outposts outside of the U.S.

Axios

Silicon Valley Bank's UK arm is sold to HSBC to protect customers

Government and Bank of England helped facilitate the deal amid fears that the tech sector would be devastated by the bank's failure

Birmingham Post

Silicon Valley Bank UK arm is sold to HSBC with all deposits 'safe and secure'

Chancellor says SVBUK customers should 'feel reassured by the strength, safety and security' of HSBC

Insider UK

UK government and Bank of England facilitate sale of SVB UK to HSBC

Britain's finance minister Jeremy Hunt said the government and the Bank of England had facilitated a private sale of the UK arm of Silicon Valley Bank to HSBC, in a move which would protect deposits without taxpayer support.

Irish Independent

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FTSE 100 Live: HSBC acquires Silicon Valley Bank UK, lowest FTSE close of 2023

Banking giant HSBC has stepped in to rescue the UK operations of tech sector lender Silicon Valley Bank.

Evening Standard

HSBC buys UK arm of Silicon Valley Bank

Deal is huge relief to UK tech sector, as many as 30% of whom had accounts with SVB

Evening Standard

Jeremy Hunt announces sale of Silicon Valley Bank to HSBC in rescue package

Over the weekend the Chancellor said there was a 'serious risk' to the UK's technology and life sciences sectors as a result of the collapse of Silicon Valley Bank.

Daily Mirror

HSBC to buy Silicon Valley Bank UK for £1 in rescue deal

Takeover arranged by government is likely to save British startups from big losses after US bank’s collapse

The Guardian - UK

Cruel woman stole £2,000 from her grandma after she was diagnosed with dementia

Gemma Jones stole £2,746 from her grandmother Gwynfa Jones days after the elderly woman moved into a care home. She spent the money on clothing, household items, rent, and takeaways, a court heard

Daily Mirror

Cruel woman stole £2,000 from her own grandmother after she was diagnosed with dementia

Gemma Jones, 31, of Bridgend, used the money she defrauded from her grandmother Gwynfa Jones to buy clothes, household items, and fast food

Wales Online

Failure of US bank spooks markets in London

Malaise appeared to infect markets on Friday as some of London’s biggest banks and financial companies were spooked by the biggest failure of a US bank since the 2008 financial crisis.

Irish Independent

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Daily Mirror

Fraud warning issued to Santander, NatWest, Barclays and other banking customers

With the "abundance" of phishing scams currently in circulation looking to steal bank details and other personal information, the number of victims will likely increase

Nottingham Post

Santander, Natwest, Barclays, HSBC and Halifax fraud alert issued

Five banks were highlighted

Birmingham Post

Our 2023 Welsh export champions with global reach

Here we feature firms across Wales, from tech to food and drink, that are driving impressive export growth

USA Today Sports Media Group

Watch: Sisters Nelly Korda, Jessica Korda talk about their sporting idols, the role mom plays and why they chose golf in HSBC interview

Get to know a little bit more about the Korda sisters.

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USA Today Sports Media Group

Jin Young Ko calls victory over Nelly Korda in Singapore the most important of her career; Danielle Kang buys beer to thank HSBC grounds crew and volunteers

When it was over, she doubled over on the final green as the tears poured out.

USA Today Sports Media Group

Danielle Kang thanks Scotty Cameron for her ‘DK Special’ putter as she races to top in Singapore after 63 at HSBC

“I think it took days for him to make these molds."

Evening Standard

Why must big City firms always fall for scams like FTX?

THERE must be some very awkward meetings taking place across the City and Wall Street right now. The sort of encounters where people bang tables and demand explanations, where they look at PowerPoints and Excels, and gasp.

The Guardian - UK

Savings: Britons can switch to get up to 7% after interest rate rises

Loyal bank customers are not necessarily rewarded, so shop around for a better-paying account

USA Today Sports Media Group

LPGA: HSBC Women’s Champions celebrates 15 years of star-studded champions, Jessica Korda turns 30 and Brooke Henderson reunites with lost luggage

Jin Young Ko was a on mission to find a good egg tart in Singapore.

Bloomberg

HSBC Riles Hong Kong Bankers With Plan to End Private Offices

Senior investment bankers at HSBC Holdings Plc in Hong Kong could lose their private offices as the firm moves toward open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks.

Bloomberg

TD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi Scheme

Toronto-Dominion Bank said Monday it agreed to pay more than $1.2 billion to settle a lawsuit by investors claiming it aided R. Allen Stanford’s $7 billion Ponzi scheme more than a decade ago.

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