35 Bank of London bids to acquire Silicon Valley Bank’s UK arm (cointelegraph.com) 🔍 Notable posted 1 year ago by ThePowerOfPrayer 1 year ago by ThePowerOfPrayer +35 / -0 Bank of London bids to acquire Silicon Valley Bank’s UK arm The Bank of London is leading a consortium of private equity firms seeking to purchase SVB's arm in the United Kingdom. 7 comments share 7 comments share save hide report block hide replies
Yes, that's another way to phrase "bids to acquire."
I thought HSBC had just bought it.
Haven't seen anything on that but here's a Reuters article linked in the above article -
https://www.reuters.com/article/global-banks-svb-britain/bank-of-london-submits-proposal-for-svbs-uk-arm-idUSFWN35I1ST
Thanks fren
Yes, it's s done-deal, it is all over the UK MSM, it's been bought by HSBC for one uk pound.HSBC has said that all deposits are safe and for SVB(UK) it's business as usual.
Carry on regardless.
Interesting, thanks.