SVB Dominoes Fall: HSBC Buys UK Arm, Feds Grab Canadian Arm

First Republic Bank Stock Nosedives After Accessing Liquidity from Federal Reserve
Europe's largest bank acquired the United Kingdom subsidiary of Silicon Valley Bank Monday, while Canada's government took control of SVB's Canadian branch late Sunday. London-based HSBC's $1 buy ensures that all Silicon Valley Bank U.K. depositors will continue to have access to all their money.

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