(Pictures of white males are few and far between - except in the executive suite. https://www.svb.com/leadership)
Other Companies Impacted:
Benzinga reported on other companies that have ties to Silicon Valley Bank on Friday.
Shares of Sunrun Inc (NASDAQ:RUN) fell on Friday on news the company had Silicon Valley Bank as one of its lenders.
Biotech company Chimerix Inc (NASDAQ:CMRX) said its cash held at Silicon Valley Bank was near the FDIC insured limit.
Benzinga Pro, a source for top stock market news and headlines, shared a list of all the companies that had put out filings and statements regarding their relationships with Silicon Valley Bank.
Many more could issue statements in the coming days.
Too bad Roku didn’t insure their deposits above the FDIC $250,000 threshold. However, it isn’t the American taxpayer’s responsibility to remedy stupid decisions made by corporations.
Eventually. Over the years.
Why would anyone keep such large amounts of uninsured deposits? Is that normal?
Is it true that Meghan Markle and Prince Harry are going to be affected? Orca?
Just have seen rumors on twitter....
There’s at least 20 other banks teetering on collapse for the same reasons as SVB. They are geographically dispersed across America. I’m thinking it’s unlikely for SVB business depositors to be involved in more than one bank failure. BTW, it is common for businesses to have more than $250k in a single account, and there are some technical to mitigate risk. Whether a business applies those techniques is another story.
Who or what is Roku?
Y’all know what a cash equivalent is, right? Pro tip: it isn’t a deposit account.
(Pictures of white males are few and far between - except in the executive suite. https://www.svb.com/leadership)
The bids from the vultures circling the carcass so far range from 60 to 80 cents on the dollar for the uninsured deposits. So that gives a pretty fair estimate of what businesses and individuals with uninsured deposits can expect they will get back once this is over.
I haven’t heard about anyone who lost money in this bank failure that I can feel any sympathy for.
Well, I really hope Roku is going to be OK. I like them, they are easy to use and don’t give me anxiety, like other modern TV watching does.