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Israel stocks slip on SVB failure, government vows aid for tech firms

Israel's tech sector is the country's main growth engine and its relationship with the Silicon Valley region is strong. Many Israeli startups had accounts at SVB although the amounts are unconfirmed.

Rome , Lazio , Italy , Israel , Tel-aviv , Israeli , Benjamin-netanyahu , Bezalel-smotrich , Financial-group , Silicon-valley-bank , Qualitau-ltd , Deposit-insurance-corporation

Israel Stocks Slip On SVB Failure, Government Vows Aid For Tech Firms

Israeli bank and insurance company shares were more than 2.5% lower on the Tel Aviv Stock Exchange (TASE) on Sunday following the failure of SVB Financial Group late last week, while the government

Rome , Lazio , Italy , Israel , Tel-aviv , Israeli , Benjamin-netanyahu , Bezalel-smotrich , Financial-group , Silicon-valley-bank , Qualitau-ltd , Deposit-insurance-corporation

Working to address SVB collapse, but not looking at bailout: Yellen

US Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors,

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Israel stocks drop on SVB failure as government vows aid for tech firms

Israeli shares slid more than 2.5% on the Tel Aviv Stock Exchange (TASE) on Sunday led by financial firms following the failure of SVB Financial Group SIVB.O late last week, while the government vowed...

Israel , Tel-aviv , Israeli , Yair-avidan , Benjamin-netanyahu , Bezalel-smotrich , Financial-group , Silicon-valley-bank , Terms-of-service , Deposit-insurance-corporation , Compugen-ltd , Reuters

Tel Aviv shares drop as SVB failure triggers cash-flow concern for Israeli startups

LeumiTech says it helped Israeli startups transfer $1 billion out of SVB accounts; government pledges to help tech firms

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Government vows aid for tech firms but Israel stocks slide on SVB collapse

With Israel's trading week running Sunday through Thursday, it was the first opportunity for Tel Aviv investors to react to the failure of Silicon Valley Bank, the largest bank to fail since the 2008 financial crisis but largely seen as an isolated event. Banking regulator Yair Avidan said the SVB failure was an unfortunate opportunity to stress what is often taken for granted - ensuring the stability of the financial system.

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Israel stocks slip on SVB failure, government vows aid for tech firms

By Steven Scheer JERUSALEM (Reuters) - Israeli bank and insurance company shares were more than 2.5% lower on the Tel Aviv Stock Exchange (TASE) on Su...

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