Shanghai (China) (EFE)
In a statement sent to the Hong Kong Stock Exchange, where it is listed, HSBC estimates the capital of the SVB’s British subsidiary at around 1,400 million pounds (1,694 million dollars, 1,581 million euros).
“This acquisition makes excellent strategic sense for our UK business. It strengthens our commercial banking franchise and enhances our ability to serve fast-growing and innovative companies, including in the technology and life sciences sectors, both in the UK and internationally,” said Group CEO Noel Quinn.