Factbox: Which companies are affected by SVB collapse?

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Startup-focused lender SVB Financial Group last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as billions of dollars belonging to companies and investors were left stranded.

PHARMING GROUP NV

The biopharmaceutical company says it has $26 million of deposits at SVB U.S., and expects to not bear any losses on these depositsThe Sweden-based investment firm says its pro rata share of SVB deposits amounts to less than $20 millionThe intellectual property services provider says a small cash position held within SVB in U.S. is expected to be fully protected under Federal Deposit Insurance Corporation Scheme.

"For individual pension savers at Alecta, the impact of this investment on future occupational pension payments is very small," it adds. Alecta was SVB's fourth-biggest owner with a 4.45% stake on Dec. 31, according to Refinitiv.

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:

 /  🏆 2. in SG
 

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

You noticed.

USTreasury if you can't find stacks of cash laying around to provide to banks with low reserves and feel the need to ask the Fed to print more cash, don't. find Circle and Blockfi's illegal cash vaults and raid them.

Singapore Singapore Latest News, Singapore Singapore Headlines