US’s Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse

US's Largest Banks Pledge $30 Billion To Avoid Another SVB-Like Collapse

The U.S. banking system has been through some tough times over the past decade, with the financial crisis of 2008 being the most notable. While the banking industry has since recovered, the risk of another collapse remains. To address this potential threat, the nation’s largest banks have recently pledged to invest $30 billion in capital … Read more

HSBC buys UK arm of Silicon Valley Bank for ₹99, gets deposits worth US$ 8.1bn

HSBC buys UK arm of Silicon Valley Bank for ₹99, gets deposits worth US$

It’s official: HSBC has acquired the UK arm of Silicon Valley Bank for a whopping £75 million. The acquisition is part of HSBC’s ambition to become a leading digital bank in the UK. It marks the bank’s largest investment in the UK since 2009, when it purchased the British retail and commercial banking business of … Read more