Silicon Valley Bank's UK Branch to become subsidiary.
M2 EQUITYBITES-May 24, 2022--Silicon Valley Bank's UK Branch to become subsidiary
(C)2022 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 24 May 2022
Silicon Valley Bank (NASDAQ: SIVB), which has a branch in the UK, is to convert the office into a subsidiary.
The move is intended to allow the bank to comply with norms as it expands in the UK. The unit is to be converted into a standalone bank within the UK. For this, the business will be moved into a new legal entity, SVBUK Ltd. The unit...
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