Page 2 - Toby Mather News Today

Investors and others cheer that the deal was struck without government bailouts and in record time to keep business going Monday morning.

“We can look our teams in the eye … and say, not only will we be able to make next payroll but we can continue business as usual,” said one startup...

“We can look our teams in the eye … and say, not only will we be able to make next payroll but we can continue business as usual,” said one startup...

SVB had branches in Canada, the UK, China, Denmark, Germany, India, Israel and Sweden, and the scenes coming out of California are just the beginning.

UK customers warn they might not be able to pay staff after Silicon Valley Bank collapses.

Fears of contagion have reached Canada, India and China

Of their money tied up, some are worried about how theyll pay staff and suppliers. toby mather runs lingumi, an educational platform for kids using al to bring teaching to life. we are very exposed. 85% of our cash is held in silicon valley bank. its the bit of start—ups we dont expect to go wrong is our bank. and its a really existential threat to us. a group of 200 ceos have written to the prime minister and chancellor saying their firms serve millions of people. many are 100% banked with sv...