1 year ago

Silicon Valley Bank held more than $209 billion in assets when it failed last Friday. “Our focus has been on giving near-real-time updates as information was made available, typically through our companywide Slack channel.” Chainguard’s leadership also committed to a thorough post-mortem of the bank failure and what it means at the company’s weekly all-hands meeting.

The Silicon Valley Bank was taken over by federal regulators on Friday in the wake of a bank run by depositors, the largest bank failure since the economic crisis of 2008.

For starters, Douglas said, “it probably makes sense to have three to six months of burn-in separate bank accounts.”