LIST: Which companies are affected by SVB collapse?

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Here are the companies across the globe that have their deposits with the failed Silicon Valley Bank.

across the globe that have their deposits with the bank:Companies in the United States disclosed around $5 billion in deposits, besides various credit facilities, with the bank.The online gaming firm says about 5% of its $3-billion cash and securities balance, or about $150 million, as of February 28 were held with SVB.The streaming devices maker says it has about $487 million, or 26% of its cash and cash equivalents, held in deposits with SVB.

The online styling service firm says it anticipates that its $40-million credit line with SVB will not be available due to the bank’s collapse.US cryptocurrency firm Circle says $3.3 billion of its $40 billion of USD Coin reserves are at SVB.Wall Street JournalThe global payments provider says out of its roughly $6.4 billion in total cash balances as of December 31, less than $20 million was held at SVB.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines