On March 20, 2023, BaFin published information that the so-called Silicon Valley Bridge Bank (SVB Germany, which is a branch of the US Silicon Valley Bridge Bank N.A.) was allowed to start banking business in Germany. The Silicon Valley Bridge Bank is a new company and emerged from the former Silicon Valley Bank, whose business it took over completely. The business operations, including equity, receivables and liabilities, were transferred to this bridge bank from the former Silicon Valley Bank based in Santa Clara, California, USA.