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Report under section 79A of the Banking Act 2009 on the transfer of Silicon Valley Bank UK to HSBC UK
Bank of England
2024.11.07
The following is a report on the transfer of Silicon Valley Bank UK Limited (SVB UK) to HSBC UK Bank Plc (HSBC) by the Bank of England (the Bank) for the purposes of section 79A of the Banking Act 2009 (the Act). This report supplements evidence provided to the Treasury Committee by the Bank.