Department of Finance ‘monitoring developments’ of collapsed Silicon Valley Bank

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The Departmenrt said there is 'limited direct impact on the Irish financial system'.

THE DEPARTMENT OF Finance is “monitoring developments regarding the collapse of Silicon Valley Bank”.It had been a key lender to startups across the United States since the 1980s

While the Department of Finance said there is “limited direct impact on the Irish financial system”, a statement from the Department notes that “Silicon Valley Bank was a lender to some Irish companies since 2012”. A statement from ISIF added: “The distributions received by ISIF from these investments since 2012 exceed the amount currently invested.

 

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Belgique Dernières Nouvelles, Belgique Actualités