6 days ago
HSBC's next move could shake up India's venture debt play
The 1GBP acquisition of the UK unit of collapsed Silicon Valley Bank in early 2023 opened new avenues for global banking major Hong Kong and Shanghai Banking Corp (HSBC). The move offered a quick start to its startup banking division, HSBC Innovation Banking. SVB's clients – 3,000 European startups and venture capital funds – became its customers overnight. HSBC Innovation Banking then spread its wings to the US, Israel, and Hong Kong. Its next
