From Payments to Pizza, Here’s What HSBC Is Getting With SVB UK

April 6, 2023, 12:02 PM UTC

HSBC Holdings Plc bought the UK unit of Silicon Valley Bank over the course of one frantic March weekend. The finer details of exactly what the British lender got for £1 ($1.25) are starting to emerge.

An analysis of UK corporate records provides a snapshot of SVB UK’s customers, with Wise Plc, the international payments provider, Made.com, the online home accessories retailer whose brand name was bought last year by Next Plc after it fell into administration, and 10x, the financial technology business founded by former Barclays Plc Chief Executive Officer Antony Jenkins among the best-known names. Pizza oven ...

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