Noel Quinn, HSBC Group CEO, said, "This acquisition makes excellent strategic sense for our business in the U.K. It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the U.K. and internationally."
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- Source: https://www.coindesk.com/business/2023/03/13/hsbc-subsidiary-to-acquire-silicon-valley-banks-uk-unit-for-1/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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