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Payments firm Wise says it has 'minimal' exposure to Silicon Valley Bank

Payments firm Wise revealed it held funds in Silicon Valley Bank, with exposure deemed 'minimal'. Financial industry executives warned of a domino effect on other banks if regulators didn't find a buyer.

  • Payments firm Wise has 'minimal' exposure to Silicon Valley Bank.
  • Wise has a small cash balance in an operational corporate account with SVB.
  • Financial industry executives warned the collapse of the bank could have a domino effect on other banks.
Payments firm Wise says it has 'minimal' exposure to Silicon Valley Bank
Payments firm Wise became the biggest European company to reveal it held funds in Silicon Valley Bank on Sunday, but a spokesperson said the firm faced "minimal exposure".

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