Some international regulators froze assets of local SVB branches

As the situation is starting to solidify around Silicon Valley Bank, many international companies that interacted in one way or another with the regional U.S. bank are now trying to understand the implications of the bank failure. Regulators in Canada and Germany have decided to freeze Silicon Valley Bank’s branches in these respective countries — but SVB had very limited operations in foreign markets.
While Silicon Valley Bank officially operated across several countries, most of its international operations consisted of offices or representative offices with local teams. In other words, bank

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