[Nick Timiraos] Gruenberg: “The ten largest deposit accounts at SVB held $13.3 billion in the aggregate.”

Source: https://twitter.com/NickTimiraos/status/1640426072578859008

I wasn't aware that businesses held this kind of money in deposit accounts. Consequence of higher borrowing rates? Pre GFC, many companies that size just financed their payrolls in unsecured markets, which is effectively what your deposit account is with $1B.