The Silicon Valley Bank (SVB) financial group, which focused on startups, became the largest bank to collapse since the 2008 financial crisis last week. This has caused shockwaves throughout the global financial system and prompted regulatory bodies to intervene to contain its effects. The collapse has also raised concerns that rising interest rates could expose vulnerabilities in the global economy as an era of cheap lending comes to an end. Here is a list of companies around the world that have reported their exposure to Silicon Valley Bank:
In North America, companies in the United States disclosed deposits exceeding four billion dollars along with various credit facilities at the bank. Online gaming company Roblox stated that about five percent of its cash and securities balance of three billion dollars, or approximately 150 million dollars, was held at Silicon Valley Bank as of February 28. Roku, the streaming device manufacturer, estimated that approximately 487 million dollars, or 26 percent of its cash and cash equivalents, was in deposits at Silicon Valley Bank. Canadian tech company Equitadas Holdings holds American bank accounts at Silicon Valley Bank amounting to 55 million dollars in deposits. Among the affected companies are: Applovin Corp, Astra Space, Coho, Rocket Lab USA, Lanturnix, along with dozens of other major companies.
