Published by
The Street
The Street
By Ellen Chang Several companies disclosed late Friday evening the amount of cash they had no deposit at failed Silicon Valley Bank. Streaming company Roku (ROKU) – Get Free Report, disclosed on Friday that it has 26% of its total cash and cash equivalents at Silicon Valley Bank which was shut down by the FDIC. Roku said it had $487 million of cash out of a total of s $1.9 billion in uninsured deposits at SVB which was placed into federal receivership on Friday, according to a SEC filing. DON’T MISS: Silicon Valley Bank Collapse: Large Account Holders Are Unsecured Depositors The FDIC only ins…
You must log in to post a comment.