US banking regulator initiates $460mn sale of Silicon Valley Bank's German assets.
TL;DR Summary
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.
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
0 min
vs 1 min read
Condensed
70%
117 → 35 words
Want the full story? Read the original article
Read on Financial Times