TSLA
Tesla
-- 440.130 NVDA
NVIDIA
-- 128.910 MU
Micron Technology
-- 103.900 QUBT
Quantum Computing
-- 25.680 NUKK
Nukkleus
-- 50.790 
JPM Not See Apparent Synergies between HSBC and SVB UK; Bank of China shares will rise
$HSBC HOLDINGS (00005.HK)$ announced to acquire the U.K. branch of the collapsed Silicon Valley Bank $SVB Financial (SIVB.US)$ for a stated purchase price of GBP1, JPMorgan commented. The actual price, however, will depend on the amount of capital shortfall of SVB UK.
The broker expressed that there is no apparent synergies between HSBC and SVB UK, and the acquisition could be viewed as an act of national service to curb relevant liquidity risks for smaller U.K. banks.
As such, the takeover was considered as neutral for HSBC but negative for SVB's peers and subsidiaries.
For Asian banks, JPMorgan predicted that the market will likely remain tumultuous and smaller banks with a weak deposit franchise and high reliance on USD wholesale funding will be particularly vulnerable.
Chinese state-owned banks, on the other hand, were forecast to outshine amid market volatility.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment