Top VC corporations bear blame for the fallout from SVB’s collapse for letting so many startups depend on one financial institution, based on C3.ai CEO Thomas Siebel. Other lenders also named Signature Bank are scrambling to let clients know they’re nonetheless open for business. Some sellers are nonetheless ready to hear about their computerized weekly deposits and have no clarity on when they’ll have the flexibility to access cash to run their outlets. Get the newest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. In the United States, these rules are primarily applied and enforced by the United States Securities and Exchange Commission . The rules are implemented and enforced by the China Securities Regulation Commission in China.
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