Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times

Having worked in the banking sector and having seen up-close how tightly regulated the industry is, I’m somewhat surprised that this sort of thing can happen at a retail bank. On Friday, Roku, the TV streaming company, said in a filing that roughly $487 million of its $1.9 billion in cash was tied up withContinue reading “Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times”

Alphabet Tests WeWork Business Model

“Google tells employees to share desks as it looks to cut costs” – TechSpot TechSpot reports it has seen an internal memo announcing a company-wide cost-saving measure in the form of sharing desk space areas. My first reaction was “WTF”, so I was pleased to see that the article began with this very exclamation asContinue reading “Alphabet Tests WeWork Business Model”

BIS warns of $80 trillion of hidden FX swap debt | Reuters

Didn’t even know this was a thing. The $80 trillion-plus “hidden” debt estimate exceeds the stocks of dollar Treasury bills, repo and commercial paper combined, the BIS said, while the churn of deals was almost $5 trillion per day in April, two thirds of daily global FX turnover. Source: BIS warns of $80 trillion ofContinue reading “BIS warns of $80 trillion of hidden FX swap debt | Reuters”