Browsing: HSBC

[ad_1] HSBC India said on Wednesday it executed its first non-deliverable forex derivative transaction with Reliance Industries, a day after the Reserve Bank of India allowed such transactions for resident Indians. The RBI on Tuesday issued guidelines for non-deliverable forward (NDF) contracts that can be issued to non-retail participants for hedging and are settled in the Indian rupee. The RBI‘s decision to allow banks to offer non-deliverable foreign exchange derivative contracts involving Indian rupee to resident entities is expected to align the rupee hedging curves in onshore and offshore markets, the bank said in a press release. “This (RBI move)…

[ad_1] HSBC bought Silicon Valley Bank’s British business in a deal led by the government and the Bank of England. [ad_2] Source link

[ad_1] Silicon Valley Bank’s UK unit has been sold to HSBC for 1 British pound, or $1.21. The UK government and the Bank of England facilitated the private sale, Chancellor Jeremy Hunt said. “This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app HSBC has acquired Silicon Valley Bank’s UK unit for 1 British pound, or $1.21, according to a statement from the bank Monday.The UK government and the…

[ad_1] The sale of the UK arm of SVB to HSBC will come as a relief for many UK tech companies. [ad_2] Source link