These companies had billions of dollars at risk in Silicon Valley Bank

Explore some of the publicly traded companies that had uninsured deposits and other holdings in Silicon Valley Bank:Companies were identified based on whether they declared assets with Silicon Valley Bank in regulatory SEC filings between March 10, 2023, and through March 13, 2023. These declarations either listed an explicit monetary sum of assets, a percentage of assets or a qualitative assessment of assets.

In other cases in which a specific percentage of total assets with SVB were listed, we used the company’s most recent 10-K or 10-Q filing to calculate the dollar amount .

The Federal Deposit Insurance Corp., by law, insures deposits of up to $250,000 per account. But these filings showed that many companies held much more in their accounts. If the government hadn’t stepped in, most of this money might have been lost.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoilBank stocks in the U.S. and Europe are tumbling as the global financial system continues to reckon with the Silicon Valley Bank collapse—the largest bank failure since 2008. Chaos and fear have set in It used to be that keeping money in a bank was not a risk but under Biden that has all changed. Don't forgot CreditSuisse which is happening right now.
Källa: ABC - 🏆 471. / 51 Läs mer »