HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
Sources: Apple plans to design and develop its own displays for mobile devices, starting with microLED screens for the Apple Watch Ultra by the end of 2024
Apple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance …
In two weeks, Amazon will add a ~5% fuel and inflation surcharge to US sellers using its fulfillment services, which is below surcharges at UPS and FedEx
Annie Palmer / CNBC :
Ericsson CEO says the company might have made payments to ISIS to gain access to transport routes in Iraq in 2018, causing shares to drop by over 8.5%
Ericsson may have made payments to the ISIS terror organization to gain access to certain transport routes in Iraq, in a shock admission following years of regulatory investigation...
Deliveroo drops by as much as 30% on its LSE debut, after pricing shares at £3.90, valuing it at around £5.6B; poor debut likely due to labor practice issues
Update: It seems that the market is volatile indeed. After pricing its shares at the lower end of the range …
Deliveroo drops by as much as 30% on its LSE debut, after pricing shares at £3.90, valuing it at around £5.6B; poor debut likely due to labor practice issues
Update: It seems that the market is volatile indeed. After pricing its shares at the lower end of the range …
Sources: TikTok has recently traded at valuations of between $105B and $110B on private markets and, one source says, even as high as $140B
Bloomberg : Tweets: @lisaabramowicz1 , @stevekovach , @gregorhunter , @msnabilaahmed , @lucas_shaw , @ruima , @deemurthy , @daniburgz , @davidinglestv , @pingroma , and @chrisgail...