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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of tech companies that have loans at SVC have all their deposits there and can't move them because of loan covenants. Some are very stressed about being able to make payroll on 3/15 because accounts are frozen. [/quote] Well they couldn’t move their deposits regardless, so. Maybe these genius Californians should be smarter about doing all their banking in the same place. [/quote] Californians? It's much bigger than a California problem. It affects the entire tech industry. I've you've got any money invested in a venture fund, reach out and ask them what percentage of their portfolio is affected. I'd wager it's over 50%.[/quote]
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