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Defunct SVB Financial Group to sell Indian subsidiary to First Citizens Bancshares

By Reuters   |   Mar 20, 2024 at 04:30 PM EST
Defunct SVB Financial Group to sell Indian subsidiary to First Citizens Bancshares

(Reuters) - Collapsed lender SVB Financial Group said on Wednesday it plans to sell 100% outstanding partnership interest in its Indian subsidiary SVB Global Services India LLP to First Citizens Bancshares.

(Reporting by Mehnaz Yasmin in Bengaluru)

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