HSBC acquires SVB in the UK for 1GBP
Rishi Sunak was involved in the purchase procedure and negotiations between the parties.
Global markets experienced fluctuations with the Nikkei 225 (-1.11%), FTSE 100 (-1.69%), DAX 40 (-2.33%), CAC 40 (-2.19%), Dow Jones (-1.07%), S&P 500 (-1.45%), and Nasdaq 100 (-1.38%) all experiencing declines. The collapse of SVB Bank led to a 6% decrease in its stocks and a 2.5% decrease in EU stocks.
HSBC announced its purchase of the bank, and the message was released before the opening of trading. Customers will be able to access their deposits and receive the bank's services as usual. According to HSBC, the bank had loans of about 5.5 billion pounds ($6.7 billion) and deposits of 6.7 billion pounds. The announcement resulted in a 3.5% decrease in HSBC's stocks, a 12% decrease in Commerzbank's stocks, and a 9.4% decrease in Credit Suisse's stocks.
British Chancellor of the Exchequer, Jeremy Hunt, ruled out the possibility of a government bailout and preferred injecting capital into technology companies that may run into difficulties following the collapse of the bank
Read More
-
GPIQ ETF Price Forecast: Can a 10% Yield at $52 Survive the Next Nasdaq Selloff?
09.02.2026 · TradingNEWS ArchiveStocks
-
XRP ETF Price Forecast: XRPI at $8.32, XRPR at $11.86 as $44.95M Inflows Defy BTC and ETH Outflows
09.02.2026 · TradingNEWS ArchiveCrypto
-
Natural Gas Futures Price Forecast: Will The $3.00 Floor Hold After The $7 Winter Spike?
09.02.2026 · TradingNEWS ArchiveCommodities
-
Stock Market Today: Dow Back Under 50K While S&P 500 and Nasdaq Push Higher as Gold Reclaims $5,000
09.02.2026 · TradingNEWS ArchiveMarkets
-
USD/JPY Price Forecast: Can Bulls Clear 157.5 Without Triggering a 160 Intervention Line?
09.02.2026 · TradingNEWS ArchiveForex
