Robert Callen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

highly regarded bank that almost every start-up technology company works with. reporter: stefon cobb is the ceo of a start-up in seattle and says all of his money was in svb and now he can t play employees or vendors. what happens when tens of thousands of companies condition pay their vendors because they don t have cash in the bank? we are facing something much more than just my company potentially collapsing but something economically very dramatic. reporter: the federal government is trying to limit the fallout from the bank s failure. deposit up to $250,000 are federally guaranteed but the picture is a bit murkier for people and companies with more than a quarter million dollars in the bank. access to the cash is the biggest problem for the majority of companies here. if you are a start-up, cash is king. the cash and the work flow to have runway is critical. so access to the cash to pay your employees to cover the expenses you got is the thing i m mostly worried

United statesSanta cruz countySan franciscoKern countyGrove landSan mateo countyBuenos airesDistrito federalJohn ramosIsaac martinezWu liAlex cobbSteve harveyJose davilaSaint patrickRobert callen