💰- Israeli Banks Helped Transfer $1 Billion From Silicon Valley Bank BEFORE Its Collapse, Report Says

Israel’s two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel. Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said.

LeumiTech said it will provide financing assistance and loans to startups and other tech firms that were left without access to credit lines and liquidity due to SVB’s collapse.

https://libertywire.net/israeli-banks-helped-transfer-1-billion-from-silicon-valley-bank-before-its-collapse-report-says/