HSBC has launched Innovation Banking, a new global division housing the former UK arm of SVB three months after its £1 rescue.
In a statement today (12 June), the bank said it is combining the "expertise" of the former Silicon Valley Bank UK with its own "international strength to enable businesses focused on innovation to compete globally". HSBC Innovation Banking is the bank's new global, specialised banking proposition for businesses in sectors such as tech and life sciences, and their investors. The unit will support a range of businesses, from early-stage growth to late-stage public and private corporates, with its capabilities including investment banking, private banking and asset management services....
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