BANKING CRISIS
Silicon Valley Bank’s abrupt collapse sends shockwaves through Middle East
Abu Dhabi bankers see upside to bailing out startups while Israeli tech executives demand their cash back and Netanyahu tweets concern
NOAH BERGER/AFP VIA GETTY IMAGES
Police officers leave Silicon Valley Bank's headquarters in Santa Clara, California, on March 10 after federal authorities seized its assets in the wake of a run on deposits
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DUBAI, United Arab Emirates – The sudden collapse of Silicon Valley Bank in Santa Clara, Calif., reverberated more than 7,000 miles away in the Middle East, where cash-strapped startups struggled to meet their payrolls and local lenders seized the opportunity...