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SVB's Collapse Ripples Through Silicon Valley

Bloomberg Tech

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Ultimately, Many Are Loss Making

US Treasury Secretary Janet Yellen said she was monitoring the situation, also said that the US banking system remains resilient to the regulators. Roku are currently saying that 26% I reiterate a quarter of Roku's total cash and cash equivalents are held with SVB. The company's deposits are with SVB, are largely uninsured. And they don't know what extent it can recover those cash deposits.

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