Both HSBC and Scotiabank have not been very supportive of the cryptocurrency industry‘s adoption in recent years.
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm‘s "near-collapse.”35
Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank‘s collapse33
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).29
The banks join a growing list of financial institutions in the country tightening restrictions on digital assets.34
HSBC is looking for a candidate who knows of digital assets, especially asset tokenization and custody, according to a job posting.36