Silicon Valley Bank’s Failure Hits Chicago Restaurant Chain Fry The Coop | Eater Chicago
"After regulators shut it down, Silicon Valley Bank, based in Santa Clara, California, became the second-largest banking failure in American history; I note the government intervened over the weekend to ensure depositors would have access to their funds, saying money would come from contributions banks pay into the FDIC Insurance Fund (which covers deposits up to $250,000), and President Biden promised that all deposits would be covered—an intervention that was intended to free funds but which, in this chain of events, left payroll processors and their clients temporarily unable to access money. The bank’s failure also prompted anger when it was reported that the bank’s CEO sold $3.6 million of company stock in late February before the collapse." - Ashok Selvam
Moving our corporate account from SVB to BofA has been truly liberating. They treated us like dirt and relegated us to SVB Go during their troubles. Our money was stuck basically even after the rescue. They should be shut down.
Ravi Y.
Google
I would like to give a negative rating if google provides. I got these guys reference from FirstAmericanHomeWarranty, SafeWire people never receive call and respond to voicemail and message.
Amy T.
Google
They called at 9am, didn't leave a message, so it seemed like a scam call because if they had a business message for me, why not leave a message. I have no recollection of business with them. Blocked.
Thang H.
Google
I tried to do wired money to this bank.
It takes ages for the recipent to get the money
Pat M.
Google
why would a bank not verify one of their cashiers checks?