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US banking regulator initiates $460mn sale of Silicon Valley Bank's German assets.

1 min read
Source: Financial Times
TL;DR

The US bank regulator has started the sale of SVB's German assets worth $460mn. The sale is part of SVB's plan to exit its non-US operations and focus on its core business in the US.

Topics:businessfinance#dollar460mn#finance#german-assets#sale#svb#us-bank-regulator
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  1. US bank regulator begins $460mn sale of SVB's German assets  Financial Times
  2. US banking regulator seeks bids for Silicon Valley Bank's German assets  Reuters.com
  3. US banking regulator seeks bids for Silicon Valley Bank's German assets  Yahoo Finance

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