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HSBC shareholders back Silicon Valley Bank clients to deliver growth

M&G, one of HSBC's largest shareholders, says venture capital firms and startups are 'a good set of clients to increase exposure to'

'A cost of £1 ought to leave a fair margin of error in HSBC’s favour'
'A cost of £1 ought to leave a fair margin of error in HSBC’s favour' Photo: Robert Gauthier/Getty Images

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Some of HSBC’s largest shareholders have thrown their support behind its move to buy Silicon Valley Bank's UK arm, saying it will boost the lender's presence in one of the highest-growth areas in the economy.

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