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HSBC bags £135m from former Silicon Valley Bank as job cuts push up restructuring bill

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HSBC bags £135m from former Silicon Valley Bank as job cuts push up restructuring bill
The rescued UK wing of Silicon Valley Bank has paid another bumper dividend to HSBC as it racked up costs amid a sweeping restructure. HSBC Innovation Banking – the branding bestowed on the collapsed Silicon Valley Bank UK (SVBUK) – was taken over by Europe’s largest lender in March 2023 as ministers, regulators and banking [...]
24 Jun, 09:51
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