World News

Global Growth Outlook Improves, but Rate Hike Impact Still Ahead

March 14, 2023/Fitch Ratings Global growth prospects for 2023 have improved significantly since December, says Fitch Ratings in its latest Global Economic Outlook (GEO) report, but the impacts of rate hikes on the real economy still lie ahead and are likely to push the US economy into recession later this […]

HSBC acquires Silicon Valley Bank UK Limited for £1

Strategic acquisition to strengthen HSBC’s banking franchise in UK Image Credit: March 13, 2023/ HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around […]