Current List of Companies With Silicon Valley Bank, $SIVB, Deposits:
1. Circle: $3.3 billion
2. Roku: $487 million
3. BlockFi: $227 million
4. Roblox: $150 million
5. Ginkgo Bio: $74 million
6. iRhythm: $55 million
7. Rocket Lab: $38 million
8. Sangamo Therapeutics: $34 million
9. Lending Club: $21 million
10. Payoneer: $20 million
The worst part?
These are only the companies that have disclosed their exposure SO FAR.
SVB has nearly $200 billion in deposits with 97% of those deposits above the $250,000 FDIC limit.
This can't end well.
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