Acquired by HSBC in an emergency sale for just £1 in March as SVB was melting down, SVB UK is now getting a rebrand and expansion under its new owner. Today the banking giant launched HSBC Innovation Banking, a new unit focusing on banking services to the startup, investor, and wider tech community. Rumored for…
UK tech founders, investors, and ecosystem leaders have been giving their reactions to the news that SVB UK will be rescued by HSBC. In addition, many startup founders and investors pointed to the leg-work done by industry body Coadec, which is now raising funds for further work. Andrew J Scott Founding Partner 7pc VC “It…
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