We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| SVB Financial Group | NASDAQ:SIVB | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 106.04 | 120.00 | 0.01 | 0 | 01:00:00 |
From Apr 2022 to Apr 2024
By Chris Wack
Lantronix Inc. said Monday that as of Friday, it had deposits of $6.7 million with Silicon Valley Bank, which was closed by the California Department of Financial Protection and Innovation, which appointed the U.S. Federal Deposit Insurance Corp. as receiver.
On Sunday, the Treasury, the Federal Reserve and the FDIC announced that all deposits held at SVB would be safeguarded in a manner fully protecting all depositors.
Lantronix said in a filing to the U.S. Securities and Exchange Commission that the $6.7 million at SVB represents 85% of its total outstanding deposits.
The company believes it will again have access to these funds as of Monday.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 13, 2023 10:49 ET (14:49 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year SVB Financial Chart |
1 Month SVB Financial Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
