Silicon Valley Bank German Branch Up for Sale With HSBC a Potential Buyer, Capital.de Reports
June 09 2023 - 06:32AM
Dow Jones News
--The German branch of Silicon Valley Bank is reported to be up
for sale in the wake of the sellout of the sunken U.S. bank and its
British subsidiary, German business news site Capital.de reports,
citing sister publication Finance Forward.
-- A potential buyer could be HSBC, the news outlet says citing
industry insiders. However, First Citizens Bank, which took over
Silicon Valley Bank's U.S. business, isn't interested in the German
business, according to Capital.de, citing company sources.
Full story in German: https://shorturl.at/oCDKL
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
June 09, 2023 06:17 ET (10:17 GMT)
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