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(From Banking and Credit News)
BANKING AND CREDIT NEWS-April 30, 2012--Silicon Valley Bank receive clearance to open London branch (C)2012 M2 COMMUNICATIONS http://www.m2.com
30 April 2012 - US-based Silicon Valley Bank said on Friday it had received clearance from the UK's Financial Services Authority (FSA) to open its first full-service branch in London. The UK branch is expected to open within six to 10 weeks, the bank added. Silicon Valley Bank has so far had only a loan office in London. The branch will provide local banking products and services, including current and deposit accounts, local loans, cash management services and foreign …