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Jyrki Rauhio

HSBC targets lending against fast-growing private assets after adding SVB’s UK unit to its portfolio

by Anas Siddiqui
HSBC targets lending against fast-growing private assets after adding SVB’s UK unit to its portfolio

HSBC sees opportunities to lend against wealthy clients’ private assets, following its acquisition of the UK unit of Silicon Valley Bank (SVB), in a move that leverages its balance sheet …

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HSBC sees growth in loans to ultra-rich with art, jets, other illiquid assets as collateral amid high interest rates

by Anas Siddiqui
HSBC sees growth in loans to ultra-rich with art, jets, other illiquid assets as collateral amid high interest rates

HSBC, the largest bank in Hong Kong and Europe, is seeing more business from ultra-rich clients who are eager to borrow against their “illiquid or concentrated” assets amid interest-rate uncertainty. …

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