HSBC sees opportunities to lend against wealthy clients' private assets, following its acquisition of the UK unit of Silicon Valley Bank (SVB), in a move that leverages its balance sheet strength to finance this fast-growing market. HSBC, the largest bank in Hong Kong and Europe, is "responding to the evolution in the asset markets", where private or alternative assets have grown tremendously, said Jyrki Rauhio, head of credit advisory for Asia-Pacific at HSBC Global Private Banking. SVB's UK un
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NEW YORK, May 29, 2024--HSBC today unveiled its new, innovative workspace in Buffalo’s historic Larkin Square neighborhood, reinforcing its presence in the Western New York region. The move supports the bank’s approach to fostering a dynamic environment for its Buffalo employees to feel engaged and collaborative in the workplace, thus providing optimal service for clients.