According to Bloomberg, HSBC Holdings plans to inject 2 billion pounds ($2.4 billion) of liquidity into Silicon Valley Bank's UK subsidiary. CEO Noel Quinn and HSBC UK head Ian Stuart told London tech investors on a conference call on Monday that the bank will invest billions of pounds to ensure SVB UK continues to operate as usual. A spokesman for the bank confirmed the amount.

HSBC Holdings plc previously announced that its UK subsidiary is acquiring Silicon Valley Bank UK (SVB UK) for £1.