Germany imposes moratorium on German SVB branch

03/13 09:57

According to Reuters, Germany's financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of Silicon Valley Bank in the wake of its demise and noted the branch has "no systemic relevance". The bank opened a small branch in 2018 after it won a license to lend. BaFin said that the situation posed no "threat to financial stability". SVB's Frankfurt branch had assets of 789 million euros ($841.86 million) at the end of last year, according to BaFin.
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