Global banking giant HSBC is expanding its venture capital and startup lending operations with a team of over 70 technology and healthcare bankers in the US, Hong Kong, and Israel. The bank is looking to become a leading player in the market at a time when VC activity is slowing due to economic uncertainty worldwide. The focus of HSBC’s business will be deposit gathering, transactional banking services and some lending. The bank already has experience of venture-type lending in India, where it has made loans to startups.
HSBC Aims to Boost Role in Banking for Venture Capitalists and Startups with New Hires
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