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Fallout from SVB Collapse Begins Sending Twitches Through Tech Sector, While Congress Meets With Tre
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Posted On: March 12, 2023
The 44-hour collapse of Silicon Valley Bank (SVB) is having some reverberations amid the tech sector as companies who carried unsecured deposits with the bank are facing an uncertain future. Tech company Roku streaming services holds $487 million in cash reserves at SVB representing 26% of their liquid holdings. Those unsecured funds are now tenuous, […]
The post Fallout from SVB Collapse Begins Sending Twitches Through Tech Sector, While Congress Meets With Treasury appeared first on The Last Refuge.
Re Posted From: Fallout from SVB Collapse Begins Sending Twitches Through Tech Sector, While Congress Meets With Treasury
[BACK]
[BACK]Posted On: March 12, 2023
The 44-hour collapse of Silicon Valley Bank (SVB) is having some reverberations amid the tech sector as companies who carried unsecured deposits with the bank are facing an uncertain future. Tech company Roku streaming services holds $487 million in cash reserves at SVB representing 26% of their liquid holdings. Those unsecured funds are now tenuous, […]
The post Fallout from SVB Collapse Begins Sending Twitches Through Tech Sector, While Congress Meets With Treasury appeared first on The Last Refuge.
Re Posted From: Fallout from SVB Collapse Begins Sending Twitches Through Tech Sector, While Congress Meets With Treasury