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(ANSA-AFP) - FRANKFURT AM MAIN, MAR 13 - Germany's finance
watchdog said Monday the collapse of the Silicon Valley Bank in
the United States posed no financial threat in Germany, amid
market jitters over contagion fears. "The distressed situation
of Silicon Valley Bank Germany Branch does not pose a threat to
financial stability," Bafin said in a statement, because it "has
no systemic relevance". Bafin added it had ordered "a
moratorium" on the bank's German branch which it said did not
offer bank deposit services. (ANSA-AFP).
