<story><title>Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB</title><url>https://vikashruhil.medium.com/roku-filed-an-8-k-saying-that-of-its-1-9-dc03147d4d58</url></story><parent_chain><item><author>aynyc</author><text>I think this might be the beginning. I think various funds (public or private) which have capitals stored in SVB is gonna be in a lot of trouble. Every investment firms are probably scanning their portfolios and business cash lines to see how much they are impacted by SVB and similar banks.&lt;p&gt;I wouldn&amp;#x27;t be surprised to see a run on banks in the next few days&amp;#x2F;weeks if additional rumors (true or not) come out.&lt;p&gt;Edit: didn&amp;#x27;t want to reply to everyone.&lt;p&gt;1. SVB probably thought they are in good shape, like every bank out there.&lt;p&gt;2. Even if the deposits are OK by early next week. Every banks&amp;#x2F;firms&amp;#x2F;funds will need to start reviewing their books and see what exposures they have. Even the slightest &amp;quot;issue&amp;quot; will trigger a bank run. Tolerance is really low at this point.</text></item></parent_chain><comment><author>AdamJacobMuller</author><text>Monday will tell. FDIC will have done enough rough accounting to roughly get an idea of how much money large depositors will actually get. It&amp;#x27;s also entirely possible a deal gets worked out over the weekend that results in all cash depositors being whole at a new bank. Monday will tell.</text></comment>
<story><title>Roku filed an 8-K saying that of its $1.9B of cash, $487M is stuck at SVB</title><url>https://vikashruhil.medium.com/roku-filed-an-8-k-saying-that-of-its-1-9-dc03147d4d58</url></story><parent_chain><item><author>aynyc</author><text>I think this might be the beginning. I think various funds (public or private) which have capitals stored in SVB is gonna be in a lot of trouble. Every investment firms are probably scanning their portfolios and business cash lines to see how much they are impacted by SVB and similar banks.&lt;p&gt;I wouldn&amp;#x27;t be surprised to see a run on banks in the next few days&amp;#x2F;weeks if additional rumors (true or not) come out.&lt;p&gt;Edit: didn&amp;#x27;t want to reply to everyone.&lt;p&gt;1. SVB probably thought they are in good shape, like every bank out there.&lt;p&gt;2. Even if the deposits are OK by early next week. Every banks&amp;#x2F;firms&amp;#x2F;funds will need to start reviewing their books and see what exposures they have. Even the slightest &amp;quot;issue&amp;quot; will trigger a bank run. Tolerance is really low at this point.</text></item></parent_chain><comment><author>chasd00</author><text>I just got an email from Mercury saying they’re well capitalized and all is well.&lt;p&gt;“
I want to assure you that Mercury is in a strong financial position (profitable and well-capitalized), and we have a number of ways that we keep deposits on Mercury safe:”&lt;p&gt;Uhoh.</text></comment>