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UK payments firm Wise says it has 'minimal exposure' to SVB
short by Aishwarya Awasthi / on Sunday, 12 March, 2023
UK-based payments firm Wise said it has "minimal exposure" to the Silicon Valley Bank. It held a small cash balance in a corporate account with the bank. "We have minimal exposure to SVB via a credit facility they are part of together with six other major banks, and a small cash balance in an operational corporate account," the firm said.
read more at Reuters