According to Bloomberg:
HSBC Holdings PLC plans to inject 2 billion pounds ($2.4 billion) of liquidity into Silicon Valley Bank's British unit.
Chief executive Noel Quinn and HSBC UK head Ian Stuart told London Tech Investors on a conference call on Monday that the bank would invest billions of pounds to ensure SVB UK continued business as usual. A spokesman for the bank confirmed the amount.
HSBC Holdings PLC previously announced that its British subsidiary is acquiring Silicon Valley Bank's British subsidiary (SVB UK) for 1 pound.
