IN PICS | Tech, Crypto, Media: Companies Impacted By Silicon Valley Bank Collapse

The failure of a major start-up Silicon Valley Bank (SVB) has heightened worries among depositors of the bank. Reuters has compiled a list of firms that have deposits in the bank

SVB Crisis: Check The List Of Companies Impacted By US Bank Collapse

Silicon Valley Bank (SVB), regarded as one of the major lender for venture capital-backed firms, especially for tech start-ups, was seized by California banking regulators on Friday. The closing of SVB is seen as a major bank failure since Washington Mutual during the height of the 2008 financial crisis.

According to the Reuters report, North American firms in the US have reported over $4 billion in deposits, besides various credit facilities. This includes firms from the online gaming sector to rocket makers.