HSBC rebrands, expands its SVB UK buy as HSBC Innovation Banking

Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC Innovation Banking, a new unit focusing on banking services to the startup, investor, and wider tech community.
Rumored for weeks leading up to today, and now officially announced at the kick-off to London Tech Week, the new division — technically a subsidiary of HSBC UK — will be bigger than just the SVB UK assets: HSBC has added teams in the U.S., Israel and Hong Kong to the operation, with mor

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