Shekel Shuffle: Janet Yellen’s SVB Bailout was for Israeli Tech Firms
Two Israeli banks helped transfer a billion dollars from SVB to Israel hours before the crash Billions of more dollars were deposited by Israeli tech companies in SVB and benefited from the US government’s emergency bailout announced last Sunday Silicon Valley Bank’s collapse last Friday created a panic among many Israeli technology companies that had money deposited at SVB. Many Israeli tech startups relied on SVB for funding. Two Israeli banks helped transfer a billion dollars from SVB to Israel…
