The Ali Javid-led firm, which works with production companies, stated that it is 'Moving forward to process payroll with another banking partner in parallel.'
Seen, Heard and Tasted: Behind the Scenes at South Beach Wine & Food Festival with Alex Guarnaschelli, Giada De Laurentiis and More Celebrity Chefs
After revealing the loss of $1.8 billion on March 8 from a sale of investments, Silicon Valley Bank saw investors and depositors withdraw $42 billion in deposits, leading to a negative cash balance of $958 million that day and an order taking possession of the property and business of the bank by California’s Department of Financial Protection and Innovation.
Multiple entertainment companies disclosed in securities filings on Friday that they had accounts with SVB. That includes Roku, which had
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wrapbook, Hollywood Production Payroll Company, Among Those Hit By Silicon Valley Bank CollapseHollywood production payroll company Wrapbook is among those affected by this week’s collapse of Silicon Valley Bank (SVB), which has now been taken over by the Federal Deposit Insurance Corp…
Read more »
SVB Collapse Hits Hollywood Payroll Firm Wrapbook, Which Says Payments Will Be Delayed by Bank’s ShutdownIn the wake of the sudden collapse of Silicon Valley Bank, Wrapbook, a company that provides payroll services for TV and film productions, said payments submitted through its platform will be subje…
Read more »
Fintech startup Brex got billions of dollars in Silicon Valley Bank deposits Thursday, source saysCompanies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday as SVB's stock tanked.
Read more »
Medical startup put useless plastic implants in chronic pain patients, says FBIStimwave made millions while marketing a customized device that allegedly did nothing for chronic pain patients.
Read more »
‘Stranger Things’ Star Grace Van Dien Says Hollywood Misbehavior Has Turned Her Toward StreamingGrace Van Dien seemingly has it all. She has a big role in a hit TV series, and is admired for her video gaming skills. But there’s a darker side to her Hollywood experiences. That’s wh…
Read more »
'Stranger Things' Star Grace Van Dien Says Sexual Harassment Spurred Hollywood HiatusThe actor said she's been staying home after a producer on 'one of the last movies I did' sexually harassed her.
Read more »