The crisis of the collapse of the American "Silicon Valley Bank" sends ripples to Europe as well.
From a report by the "Financial Times" from today, it appears that the British government is trying to convince a buyer "from the Middle East" to invest in the British arm of the failed bank in order to prevent the spread of damage to the local technology sector.
According to the report, the British arm of the bank had deposits worth about $8.4 billion when the Bank of England declared it in default on Friday. The British arm became an independent entity from the American bank only last year.
According to reports, the potential investor is from the United Arab Emirates, apparently one of the investment arms of the Abu Dhabi government.