The Silicon Valley Bank announced in a statement today Sunday that its business operations continue without interruption, Reuters quoted it as saying.

The effects of the bank failure in Silicon Valley are beginning to spread around the world.

Gulf of Mexico startup founders in California are worried about access to funds and employee pay. Contagion fears have even reached Canada after the bank’s loan portfolio has doubled over the past year.

The British division of SVB, which has declared its insolvency, has already stopped working and is not taking on new clients. On Saturday, executives from nearly 180 technology companies sent a letter asking British Chancellor Jeremy Hunt to intervene.

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