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SVB fallout: Apollo, Blackstone, KKR eye US biz for $74-bn loan book

HSBC to inject over $2 bn into SVB Uk unit; Moody's puts First Republic, 5 US banks on downgrade watch

SVB, Silicon valley bank
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Photo: Bloomberg

Agencies
Apollo Global Management, Blackstone, and KKR & Co, among others, have expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week, people with knowledge of the matter said.

The bank had $73.6 billion of loans as of December 31, 2022. The size of the loan book Apollo, Blackstone and KKR are interested in couldn’t immediately be determined. Blackstone is also looking at other assets it may purchase from the bank, one of the people said. 

HSBC, meanwhile, said it was planning to inject £2 billion ($2.4 billion)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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