Investment Banking

Bank of England faces MP grilling on HSBC’s rescue of SVB’s UK arm

BoE officials will be questioned on the process for selecting HSBC over other banks and how the price was determined

Bank of England faces MP grilling on HSBC’s rescue of SVB’s UK arm
Photo: Jakub Porzycki/Getty Images

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The government is set to grill the Bank of England over why HSBC was chosen to rescue the UK arm of collapsed lender Silicon Valley Bank.

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