Emily
Editor, Senior Moderator
https://www.jns.org/israel-to-mull-bailing-out-tech-companies-hurt-by-us-bank-collapse/
Israel to mull bailing out tech companies hurt by US bank collapse
(March 12, 2023 / JNS) Israeli Prime Minister Benjamin Netanyahu said on Saturday night that he would consider bailing out Israeli companies affected by the collapse on Friday of the Silicon Valley Bank.
“I am closely monitoring the collapse of the American investment bank Silicon Valley Bank (SVB), which has led to a major crisis in the high-tech world. From Rome, I have held talks with senior high-tech figures in Israel. Upon my return to Israel, I will discuss the scope of the crisis with the finance and economy ministers and the governor of the Bank of Israel,” said Netanyahu.
The Israeli premier arrived in Italy on Thursday for a three-day diplomatic visit.
“If necessary, out of responsibility to Israeli high-tech companies and employees, we will take steps to assist the Israeli companies whose center of activity is in Israel to weather the cash-flow crisis that has been created for them due to the turmoil,” he said...
Israel to mull bailing out tech companies hurt by US bank collapse
(March 12, 2023 / JNS) Israeli Prime Minister Benjamin Netanyahu said on Saturday night that he would consider bailing out Israeli companies affected by the collapse on Friday of the Silicon Valley Bank.
“I am closely monitoring the collapse of the American investment bank Silicon Valley Bank (SVB), which has led to a major crisis in the high-tech world. From Rome, I have held talks with senior high-tech figures in Israel. Upon my return to Israel, I will discuss the scope of the crisis with the finance and economy ministers and the governor of the Bank of Israel,” said Netanyahu.
The Israeli premier arrived in Italy on Thursday for a three-day diplomatic visit.
“If necessary, out of responsibility to Israeli high-tech companies and employees, we will take steps to assist the Israeli companies whose center of activity is in Israel to weather the cash-flow crisis that has been created for them due to the turmoil,” he said...