Excess Spread — What did HSBC buy, over the parapet, silver lining
- Owen Sanderson
•13 min read
What did HSBC buy?
By the time you read this, you’ve likely read several thousand words of coverage about the collapse of SVB, from almost every conceivable angle — why and how, who is to blame, what it means, the anatomy of the failed cap raise, detailed dissections of regulatory discussions and the extremely rough weekend for bank regulators, potential bank buyers, and startup CEOs and finance bosses.