traditional banking

“Silicon Valley Bank’s UK Branch Acquired by HSBC UK for a Nominal £1”- Check Latest News

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Silicon Valley Bank's UK Branch Acquired by HSBC UK for a Nominal £1

On March 13, 2023, HSBC UK Bank plc, a subsidiary of the banking giant, announced its acquisition of Silicon Valley Bank UK Limited (SVB UK) for a nominal £1, offering protection for depositors without any taxpayer support. The embattled Silicon Valley Bank now comes under new ownership in the UK. The acquisition of SVB by … Read more

Is Bitcoin the Solution to Another 2008-Like Financial Crisis?

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Is Bitcoin the Solution to Another 2008-Like Financial Crisis?

Bitcoin price targets are increasing as the bulls are increasingly failing to keep the price at $20,000. The fallout from SVB Financial is causing more problems for the Bitcoin price. SVB is a key player in the US cryptocurrency market, and the sell-off sparked fears of a wider contagion.The $20,000 level has been a key … Read more