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HomeFinanceHSBC books $1.5 billion gain from Silicon Valley Bank UK acquisition

HSBC books $1.5 billion gain from Silicon Valley Bank UK acquisition


HSBC Holdings looks to have bagged a bargain to purchase the U.K. division of Silicon Valley Bank for £1 back in March, as the U.K.-headquartered bank on Tuesday it made a provisional gain of $1.5 billion from the deal.

London-listed shares of HSBC UK:HSBA were up nearly 6% on Tuesday morning.

The deal, hashed out by the U.K. Treasury and…



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