The ASX companies exposed to the SVB collapse

Whispir, EBR Systems, LayBuy Group, Straker Translations and Nightingale Intelligent Systems also have banking relationships, according to a report compiled by Ownership Matters.

Life360 confirmed in a statement on Monday that its exposure to the collapsed lender was expected to be up to $5.6 million, but it would have no significant disruption to the company’s operations.Among other companies, SiteMinder has a $20 million line of credit in place, “that appears to be undrawn,” Ownership Matters said, adding that it had contacted both companies seeking further detail about the exposure.

Xero referenced Silicon Valley Bank back in 2017 as one of several North American banking partnerships in addition to Capital One and Wells Fargo.

United States United States Latest News, United States United States Headlines

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

ASX down 0.6 per cent as banks, tech stocks sinkAustralia’s most valuable banking, tech and consumer stocks dragged the local sharemarket 0.6 per cent lower in the first hours of Monday’s trading as investors digested the implications of Silicon Valley Bank’s collapse.
Source: theage - 🏆 8. / 77 Read more »

The ASX company helping to solve electric car ‘range anxiety’Carbon Revolution’s CEO says the lightweight wheels the company makes can extend the range of an EV by as much as 10 per cent before the vehicle needs a recharge.
Source: FinancialReview - 🏆 2. / 90 Read more »