Silicon Valley Bank: HSBC £1 deal to buy collapsed bank to boost profit
Banking giant HSBC says its profits got a $1.5bn (£1.2bn) boost from the purchase of collapsed Silicon Valley Bank’s British business (SVB UK). Europe’s biggest bank posted a pre-tax profit of $12.9bn for the three months to the end of March. That is more than three times the amount it made for the same time…