- Tel Aviv Stock Exchange (TASE) slid more than 4% led by financial firms following the failure of SVB Financial Group.
- Israel's government vowed to help Israeli tech firms affected by the failure of SVB.
- Many Israeli startups had accounts at SVB, but amounts are not fully known.
- Leumi and Hapoalim said their tech banking arms would issue loans to startups and other tech firms without access to credit.
- Data showed Israel's economy grew 6.4% in 2022 and 5.6% in the fourth quarter.
Government vows aid for tech firms but Israel stocks slide on SVB collapse
Israeli shares slid more than 4% on the Tel Aviv Stock Exchange (TASE) on Sunday led by financial firms following the failure of SVB Financial Group late last week, while the government vowed to help Israeli tech firms affected.
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