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Last Checked March 15, 2023

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Mon Mar 13 19:59:59 +0000 2023

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TechCrunch @TechCrunch

Rippling co-founder and CEO Parker Conrad tweeted that his company had historically relied on SVB for payments rails for its payroll and other products but in light of the news, “immediately accelerated a planned switch to JPMorgan Chase.” https://t.co/kjArNHBe02 — PolitiTweet.org

Posted March 13, 2023

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TechCrunch @TechCrunch

One fintech investor told Senior Reporter @bayareawriter that he is aware of a single company that moved over $80 million out of Silicon Valley Bank on Thursday — PolitiTweet.org

Posted March 13, 2023

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TechCrunch @TechCrunch

He later added that his company wasn't able to process payroll for some employees and while future payroll runs will be processed with JPMorgan Chase, any payroll funds processed for the day’s check date “were debited from clients earlier in the week" https://t.co/HeHFOGBuCB — PolitiTweet.org

Posted March 13, 2023