Friday, 10 March 2023

Silicon Valley Bank Becomes Largest Failure Since 2008 Financial Crisis

Zee News Companies such as video game maker Roblox Corp and streaming device maker Roku Inc said they had hundreds of millions of dollars in deposits at the bank. Roku said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading. https://ift.tt/QcNbO49 March 11, 2023 at 09:23AM Companies such as video game maker Roblox Corp and streaming device maker Roku Inc said they had hundreds of millions of dollars in deposits at the bank. Roku said its deposits with SVB were largely uninsured, sending its shares down 10% in extended trading.

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