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Rippling’s Parker Conrad: “We raised $500m in one day to survive the SVB collapse”
The Times Tech Podcast
The Problem With the Bank Failure to Payroll
On Friday morning, SVB employees were told they weren't getting paid. The bank's systems indicated that the money had been sent through to the Federal Reserve and distributed across all of its member banks. "I don't think there is a way that is possible to sort of account for what happens when the bank fails," he says.
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