News Centre

ADNOC Gas Successfully Lists On The ADX In Abu Dhabi’s Largest-Ever Market Debut And The Largest IPO Globally To Date This Year

Date 13/03/2023

• ADNOC Gas completes its listing on the ADX, raising gross proceeds of approximately $2.5 billion (equivalent to approximately AED 9.1 billion).
• Based on the final offer price of AED 2.37 per share, ADNOC Gas’ market capitalization at the time of Admission is approximately $50 billion (equivalent to approximately AED 182 billion), making it the largest-ever listing on the ADX and the largest IPO globally to date this year.

CBDC Transactions To Exceed $213 Billion By 2030 Globally, As New Payment Models Accelerate Financial Inclusion

Date 13/03/2023

The new study from Juniper Research, foremost experts analysing the fintech & payments market today, found the value of payments via CBDCs (Central Bank Digital Currencies) will reach $213 billion annually by 2030; up from just $100 million in 2023. This radical growth of over 260,000% reflects the early stage of the sector; currently limited to pilot projects.

UK Government And Bank Of England Facilitate Sale Of Silicon Valley Bank UK - Silicon Valley Bank (UK) Ltd Has Today Been Sold To HSBC

Date 13/03/2023

Silicon Valley Bank (UK) Ltd has today been sold to HSBC.  HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally.  Customers of SVB UK will be able to access their deposits and banking services as normal from today.

UK Financial Conduct Authority Statement On Silicon Valley Bank

Date 13/03/2023

Following events at Silicon Valley Bank, the Financial Conduct Authority (FCA) has been working closely with the Bank of England, Prudential Regulation Authority (PRA), Financial Services Compensation Scheme (FSCS) and the UK Government.

Bank Of England Statement On Silicon Valley Bank

Date 13/03/2023

The Bank of England (Bank), in consultation with the Prudential Regulation Authority (PRA), HM Treasury (HMT) and the Financial Conduct Authority (FCA), has taken the decision to sell Silicon Valley Bank UK Limited (‘SVBUK’), the UK subsidiary of the US bank, to HSBC UK Bank Plc (HSBC). HSBC is authorised and supervised by the PRA and the FCA. This action has been taken to stabilise SVBUK, ensuring the continuity of banking services, minimising disruption to the UK technology sector and supporting confidence in the financial system.

HSBC Acquires Silicon Valley Bank UK Limited - Strategic Acquisition To Strengthen HSBC’s Banking Franchise In UK

Date 13/03/2023

HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.

London Stock Exchange Group PLC Transaction In Own Shares

Date 13/03/2023

London Stock Exchange Group plc (LSEG) announces that it has purchased the following number of its voting ordinary shares of 6^79/86 pence each on the London Stock Exchange from Morgan Stanley & Co. International Plc (Morgan Stanley) as part of the second tranche of its share buyback programme, as announced on 7 October 2022:

Singapore's Banking System Remains Sound And Resilient

Date 13/03/2023

The Monetary Authority of Singapore (MAS) said today that Singapore’s banking system remains sound and resilient amid heightened volatility in global financial markets following the recent closure of banks in the US. The Singapore Dollar money market and foreign exchange market continue to function well.

XTAL Launches The Private Fund Forward Exchange (PRIFFE), To Better Address Illiquidity And Market Risk Of Private Market Funds

Date 13/03/2023

XTAL, a fintech innovator in the global private market industry, is pleased to announce the official launch of the Private Fund Forward Exchange (PRIFFE), the first all-to-all, institutional derivative risk transfer platform for private market fund interests.

Prudential Plc Included In The Shanghai - Hong Kong Stock Connect Programme

Date 13/03/2023

Prudential plc ("Prudential") today announced that Prudential's shares, which trade on the Stock Exchange of Hong Kong, are now included in the Shanghai-Hong Kong Stock Connect programme.