Michael White, the new UK head of life sciences at HSBC Innovation Banking, made the move from California to join the UK group shortly before Silicon Valley Bank in London collapsed in March 2023. He talks to In Vivo about turbulent life science markets and the future life sciences strategy at HSBC.
A key component in the European biotech ecosystem, Silicon Valley Bank UK, was saved in March with a buyout by HSBC, Europe’s biggest bank, for just £1 ($1.2).
SVB UK, which had loans of around £5.5bn and deposits of around £6.7bn, was a key lender to the European...