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Business

HSBC acquires Silicon Valley Bank’s UK operations for £1/share

Hongkong and Shanghai Banking Corporation Limited (HSBC) has acquired Silicon Valley Bank’s UK operations after the U.S. parent company declared bankruptcy.HSBC, a small business...

Business

BUSINESS ROUNDUP: NNPC sacks Eroton as oilfield operator; Silicon Valley Bank’s collapse crashes stablecoin; other stories

Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital...

Business

Silicon Valley Bank’s collapse crashes stablecoin, USDC, to all-time low

The impact of Silicon Valley Bank’s liquidation has spread into the cryptocurrency industry as USD Coin (USDC), the second most valuable Stablecoin, hit an...

Business

Silicon Valley begins talks with prospective buyers after shutdown

One of the biggest banks in the United States, Silicon Valley Bank, has commenced talks with prospective buyers.This came just as US regulators ordered...

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