FF News Logo
Friday, June 13, 2025
3609-Banking-and-Payments-Report-Social-Media-Tiles-UK100625LD-FinTech-Finance-Leaderboard-728x90_2 (1)

Breaking News

EXCLUSIVE: “From Plastic to Progress: Can Card Recycling Help Banks Go Green?” – Maya Reisinger, G+D and Joe Pitcher, Mastercard in ‘The Fintech Magazine’ U.S. Bank and Fiserv Create Market-Leading, Integrated Agent Card Issuance GrailPay Raises $6.7M to Build the Risk and Intelligence Layer for Bank Payments Binance Users Can Now Personalize Their Experience with New AI-Powered UI/UX MoneyGram Partners With tiqmo, One of Saudi Arabia’s Fastest-Growing Digital Wallets PNC Bank Launches PNC Mobile Accept®, A New Pay-As-You-Go Payment Processing Solution for Micro Businesses Varo Bank Welcomes Rathi Murthy as Chief Technology Officer AI-Powered Banking: Globant’s Antoni Vidiella on the Future of Financial Services EXCLUSIVE: “Getting the Message” – Raj Soni and Egill Ingólfsson, Meniga and Michal Panowicz, BCG in ‘Discover Money20/20’ SmartStream Brings AI-Powered Data Management to the Insurance Sector Synthetic Identity Document Fraud Surges 300% in the U.S. – Sumsub Warns E-Commerce, Healthtech and Fintech at Risk Payrails Raises $32m Series A to Help Global Enterprises Maximize Payment Performance Why Gamification is Destroying Your Wealth Vivid Hits 50,000 SME Customers and Sets New Record in Customer Growth How Can Financial Services Balance AI Efficiency With the Essential Human Touch? | Plane Saver Credit Union’s Chief Operating Officer, Gurminder Bhagrath
HSBC SVB Innovation Banking

May 30 2023

HSBC to Rebrand UK Division of Silicon Valley Bank as HSBC Innovation Banking

Share this post:

Share on LinkedIn Share on WhatsApp

Next month, HSBC plans to rebrand the UK branch of SVB (Silicon Valley Bank) as HSBC Innovation Banking, as reported by Sky News. This followed the private purchase of SVB UK by HSBC in March, a transaction facilitated by the British government and the Bank of England, aimed to safeguard deposits without taxpayer aid.

SVB Financial Group, a lender with a strong focus on startups, earned the unfortunate title of the largest bank to collapse since the 2008 financial meltdown. Its abrupt downfall in March stirred the global markets, leading to billions of dollars worth of companies’ and investors’ funds being left in limbo.

Following this, Silicon Valley Bank entered bankruptcy proceedings after it was closed down by regulators in California, who subsequently appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver. Thereafter, an agreement was reached for First Citizens BancShares, a regional lender, to take over Silicon Valley Bank.

Companies In This Post

HSBC | FinTech Finance

HSBC
  1. EXCLUSIVE: “From Plastic to Progress: Can Card Recycling Help Banks Go Green?” – Maya Reisinger, G+D and Joe Pitcher, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  2. U.S. Bank and Fiserv Create Market-Leading, Integrated Agent Card Issuance

    News

     Read more
  3. GrailPay Raises $6.7M to Build the Risk and Intelligence Layer for Bank Payments

    Funding

     Read more
  4. Binance Users Can Now Personalize Their Experience with New AI-Powered UI/UX

    Crypto

     Read more
  5. MoneyGram Partners With tiqmo, One of Saudi Arabia’s Fastest-Growing Digital Wallets

    News

     Read more
More On