SVB Collapse: SVC Co-Operative Bank Issues Statement Over Confusion Regarding Names
SVC Bank is completely unrelated to Silicon Valley Bank (SVB) which was based in California, said SVC bank in a statement.
A day after US-based Silicon Valley Bank (SVB) collapsed and shut down its operation, SVC Co-operation Bank Limited issued a statement following confusion on social media. āSVC Bank is completely unrelated to Silicon Valley Bank (SVB) which was based in California. We request our members, customers, and other stakeholders not to pay attention to baseless rumours and mischief-mongering by unscrupulous elements insinuating similarities in brand names,ā the 116-year-old bank tweeted.Ā Silicon Valley Bank Collapse: Over 1 Lakh Jobs at Risk, 10,000 Startups Face Payroll Failure, Y Combinator CEO Tells US Treasury Secretary.
SVC Bank Issues Statement:
Important announcement#HumSeHaiPossible #SVCBank #Banking #SVC #Importantannouncement pic.twitter.com/p05lHBJm9w
ā SVC Bank (@SVC_Bank) March 11, 2023
(The above story first appeared on LatestLY on Mar 12, 2023 03:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
