These Companies—Roku, Circle, Roblox And More—Held Major Funds In Silicon Valley Bank When It Crashed

Roku—a hardware digital media company known for its streaming devices—held about 26% of its cash at Silicon Valley Bank Financial,

to a securities filing, as other companies have disclosed ties to the firm after it was closed by regulators Friday.held an estimated $487 million at SVB, representing approximately 26% of the company’s cash and cash equivalents as of Friday, to a securities filing, wth its remaining $1.4 billion in cash is distributed across other financial institutions, the company noted.

This you?

Are they investigating the bank there should be a congressional investigation

They will now fail with it

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These Companies—Roku, Roblox, Circle And More—Held Major Funds In Silicon Valley Bank When It CrashedThe California-based bank was closed Friday by the state’s financial regulator—the largest to fail since the Great Recession. Recapitalize SVB by collapsing equity and turning the non/insured deposits into equity. Problem is the deposit insurance is insufficient... So where is the money. Someone has it.
Source: Forbes - 🏆 394. / 53 Read more »