CHATTER AWAY: Overnight Open Thread

Deadline Hollywood reports:

The biggest bank failure since the financial crisis more than 15 years ago has hit streaming giant Roku. In an SEC filing Friday, the company disclosed that 26% of its cash was held at Silicon Valley Bank, and the funds were “largely uninsured.”

The 16th largest bank in the U.S., with more than $200 billion in assets, SVB collapsed earlier in the day and was taken over by the Federal Deposit Insurance Corp. It ranks as the second-largest bank failure in U.S. history after Washington Mutual in 2008.

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