SVB depositors questioned over bank collapse by Warren and Ocasio-Cortez.

Senators Elizabeth Warren and Alexandria Ocasio-Cortez have written to 14 CEOs of companies, including BlockFi, Roku, and Roblox, demanding answers about their role in the collapse of Silicon Valley Bank in March. The senators questioned the nature of their relationship with SVB and the reason for their "massive, uninsured deposits" at the bank. More than 90% of SVB's deposits were in accounts that exceeded the FDIC's $250,000 insurance limit. Once the bank closed, U.S. regulators took extraordinary steps to contain the fallout and shore up wavering confidence in the financial system, including protecting all deposits at the institution, even those containing more than $250,000.