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HSBC on brink of rescue of Silicon Valley Bank UK

March 15, 2023
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HSBC Holdings is getting ready to a deal to rescue Silicon Valley Financial institution UK after a last-ditch settlement that may avert the lender’s insolvency.

Sky Information has learnt that HSBC is making ready to announce, alongside the federal government, that it has struck a deal to accumulate the stricken financial institution.

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Tags: 2008BankBANK OF ENGLANDBANK OF LONDONBidenbreaking news todaybreaking news ukbreaking news usa todaybrinkBRITAINeconomyFEDERAL RESERVEFINANCEFINANCIAL CRASHfinancial newsfinancial news todayFTSE-100GOVERNMENTHSBCINSOLVENCYlatest news todayLONDONMoneyNewsOAKNORTH BANKpolitical newspolitical news todayPresidentRESCUEROTHSCHILDSiliconsilicon valley bankSKYSKY NEWSsports newsSVBSVBUKTaxpayersTREASURYUKUNITED KINGDOMUNITED STATESUSValley
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Comments 34

  1. A&P says:
    7 months ago

    Signature bank New York closed!

    Reply
  2. Holley Brain says:
    7 months ago

    After losing so much to stock market, One best investment decision I ever made afterwards was investing in financial markets. Which has earned me $34,970 profit every 14days lately. Trust me guys it pays a lot<<<<<

    Reply
  3. YUD0NSAY 111 says:
    7 months ago

    The wolves are circling…the Hong Kong bank? will they be allowed to get their hands on this bank?

    Reply
  4. Empathetic liberal Abomination says:
    7 months ago

    The dying American liberal empire.

    Reply
  5. IPeednKennysPool says:
    7 months ago

    2008×10 incoming 💯

    Reply
  6. Andrew Coulson says:
    7 months ago

    'Supporting confidence in the financial system'

    Yeah ok 🤣🤣🤣

    Reply
  7. Dan King says:
    7 months ago

    MELTDOWN 🤣😂🤣😂🤣😂

    Reply
  8. Dan Brand says:
    7 months ago

    While USA SVB is dead ? Biden Gov Woke lies, so when they say they cover all deposits for USA SVB, I doubt it.. Since they lie, they probably lie about this, too..

    Reply
  9. Live User says:
    7 months ago

    Hahahaha..buy CRYPTO

    Reply
  10. mousqy says:
    7 months ago

    the criminal bank is growing

    Reply
  11. Onetime says:
    7 months ago

    The Western Hegemony playing with house money. Disgusting!

    Reply
  12. GTIN GAMING says:
    7 months ago

    Oh an American bank destroying the global economy once again. What a surprise. Can Russia please do something about the USA 🙏🏻

    Reply
  13. Ramming Speed says:
    7 months ago

    This is BIG news for CRYPTO..

    Will definitely encourage people to "be your own bank"

    Reply
  14. Darren Wendell says:
    7 months ago

    What's a bank without any service? Get rid of all of them.

    Reply
  15. Ramming Speed says:
    7 months ago

    CRYTO with SMART CONTRACTS is the solution(by algorithmically monitoring reserve requirements and collateral to compensate affected depositors with said collateral should the Bank make bad bets)

    Reply
  16. joachimlindback says:
    7 months ago

    Retirement funds all over the world got hit and will keep on getting hit thanks to clueless central planners. All banks are under water.

    Reply
  17. George Mckevitt says:
    7 months ago

    HSBC does not have the liquidity to pay out its own customers. This is just another con. SVB customers will 100% want their money back now. So HSBC will go down too. Very soon.

    Reply
  18. LW1zFog says:
    7 months ago

    INVEST IN FTX TODAY !

    Reply
  19. SkyeMilk says:
    7 months ago

    I would still go and get my money out…

    Reply
  20. Maruchiru says:
    7 months ago

    They bought the bank with 1 pound.

    Reply
  21. Ramming Speed says:
    7 months ago

    Billionaires wont hide cash under their mattresses!

    A significant portion will go into Crypt0..

    Get POSITIONED

    Reply
  22. Urban Mancry says:
    7 months ago

    HSBC are insolvent as from 2007, so where did HSBC get the money from ?

    Reply
  23. William Emma says:
    7 months ago

    With the backwardness of our economy, increment in the price of gas, alarming rates of unemployment.i must confess our country have taken a wrong turns.vividly I don't know how else to carter for my expenses

    Reply
  24. Mr Radman says:
    7 months ago

    Hopefully the first thing they do is sack without compensation any expensive executives who presided over this mess.

    Reply
  25. H.. says:
    7 months ago

    Everyone withdraw all of your savings immediately

    Reply
  26. James Wilson #234 says:
    7 months ago

    Welcome to the drinking game called “SVB UK”. Good luck!

    Reply
  27. TateTopG says:
    7 months ago

    Share price has dropped from 600 to to 82 in a year …. Buy now and see a profit in 2-4 years

    Reply
  28. Pete Pete says:
    7 months ago

    Ok well. I'm no banker, but Isn't HSBC Hong Kong/ Shanghai ?

    Reply
  29. Erik Topolsky says:
    7 months ago

    HSBC should be preoccupied with saving UK instead, It still amazes me that UK is 6th largest economy. How come? They must have overvalued their real estate and services… With the quality of British housing being on par with third world countries how did they made it to 6th largest and and not rather into 16th largest economy in the world

    Reply
  30. Erik Topolsky says:
    7 months ago

    SVB played rullete with cryptocurrencies, and lost, let it rot . Are we gonna bailout each GAMLER every time they loose? If their investment bring profit , profit is PRIVATE, if they loose THE LOSS is POOBLIC we bail them out. DISGRACE to averige citizen paying taxes

    Reply
  31. Roge Gabihan says:
    7 months ago

    Biden: your money is safe our printers are working hard!

    Reply
  32. LW1zFog says:
    7 months ago

    HSBC were formed to launder drug money during the Opium Wars. David sCameron’s great great grandfather was the City of London’s Rothschild man for that. A century or two later & HSBC were still laundering money whist David sCameron was UK PM.

    Reply
  33. Martin Brandom says:
    7 months ago

    Kay is looking better these days.

    Reply
  34. D X says:
    7 months ago

    Great, let Communists buy our tech firms funding.

    Reply

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