Voices from tech and finance are increasingly calling for the federal government to push another bank to take over the failed Silicon Valley Bank.
The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.
As dust begins to settle on the biggest American bank failure since 2008, members of the VC community lament the role other investors played in SVB’s demise.
Around $487 million of Roku’s cash reserves are stuck at Silicon Valley Bank, the streaming media company said Friday.
Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
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