The second largest bank collapse in US history has major implications for Israel due to the large exposure of tech companies and institutional investors to SVB.
“It is still in receivership. But it is backed by money, so people are guaranteed their assets. People are back in business and now have access to all, not just a portion, of their money,” explained Itay Frishman at the Ramat Gan-based Meitar law firm
Israeli tech firms scouting globally for acquisition deals will be a key feature of next year, while shaky capital markets may put a damper on valuations, experts predict
Israeli Tech Sector Breaks Records in 1st Half of 2021 unitedwithisrael.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from unitedwithisrael.org Daily Mail and Mail on Sunday newspapers.