Silicon Valley Bank To Open London Branch

In the world of technology startups, Silicon Valley Bank is a big deal. The institution claims to work with more than half of all venture-backed technology and life-science firms in the United States. The bank is a player in emerging nations, such as China, and tech-savvy oases such as Israel. SVB is now moving into new ground, with the announcement of its intention to open a London branch. Not only will this give Silicon Valley Bank entree to UK startups, but it's also viewed as a bridgehead into Continental Europe.

The story was reported in today's siliconvalley.com.