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March 11, 2023 03:20 pm GMT
Original Link: https://www.techpowerup.com/305778/silicon-valley-bank-collapses-causes-concern-within-tech-industry-roku-divulges-its-svb-investments
Silicon Valley Bank Collapses, Causes Concern Within Tech Industry, Roku Divulges its SVB Investments
Technology Companies, Venture Capitalists and Startups are in panic after the collapse of Silicon Valley Bank on Friday, March 11, 2023. In the short term it will be a mess - customers of SVB have no access to FDIC insured deposits until Monday (March 13). Customers with investments below a $250,000 cap have been advised to make claims before a strict Monday deadline. The FDIC is forming plans to pay depositors, with investments greater than the aforementioned cap, a special dividend next week.
Original Link: https://www.techpowerup.com/305778/silicon-valley-bank-collapses-causes-concern-within-tech-industry-roku-divulges-its-svb-investments
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