4 ms·
HSBC buys Silicon Valley bank UK for 1 pound
- barbariangrunge 4y agoI would have paid 2 for it. They got ripped off
- amcvitty 4y agoI’m sure I’m missing something, but equity of £1.4bln sounds like a decent business to me. I’d have given at least £3!
- olliej 4y agoToday in the rich get richer
- benj111 4y agoNot necessarily. When Lloyds bailed out the Halifax in 2008 they probably thought it was a good buy, until the problems started surfacing. You're taking a fairly decent risk taking over a bank with only a weekend to do due diligence. And ultimately this needs to be sorted. The losers are the share holders of a collapsed bank. Which is as it should be. And I don't think they were poor, although they might be now.
- wisebill 4y agoYeah right - come here and whine at HN about how rich get richer without even knowing anything about the issue at hand; hoping to score some HN points.
- vivegi 4y agoRelated thread: https://news.ycombinator.com/item?id=35134648 https://news.ycombinator.com/item?id=35134648
- noisycarlos 4y agoAre they buying their debts too? They might've payed to y much