<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYzFmMjc0OGUtZDgzOS00NjU3LTlkZGEtMTBkYmViMDQ4YjYzLmpwZw==.jpg"></p><p>Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21). </p>