https://www.yahoo.com/finance/news/historic-last-minute-deal-hsbc-074144560.html
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Mike Butcher
Mon, March 13, 2023 at 3:41 AM EDT
HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential suitors in the wake of the U.K. business, a subsidiary of the troubled U.S. entity, entering insolvency procedures on Friday.