[throw0101c]

We're not talking about SVB: we're talking about the customers of SVB.

If you're a not-small company (many dozens of people, which a few million in assets), why would you put all your financial eggs in one basket? Even if they're generally well-run, any institution can be hit with 'bad luck' like ransomware by some zero-day.

Just by having (say) one-quarter of your assets at another institution it makes sure you can make payroll and pay your bills for some period of time while things are sorted out at the 'primary'.