Key Considerations for Employers During the Distressed Bank Crisis
The fast-moving developments involving Silicon Valley Bank and Signature Bank and their financial distress are rippling across the financial services and emerging business sectors. Startups across the country have been particularly heavily impacted by the turmoil and uncertainty that the closures have created. Join Armstrong Teasdale lawyers and members of our Distressed Bank Response Team for an interactive discussion on critical issues for employers, focusing on payroll obligations and related risks in light of funding uncertainty today and in the near future. We will also highlight possible solutions for businesses, such as pay adjustments, furloughs and layoffs, and other creative approaches to the rapidly evolving situation.