4/23/2023 0 Comments Ios latest version![]() The tricky part with this is that 97% of deposits into SVB were larger than $250k – meaning only 3% were actually insured The Federal Deposit Insurance Corporation (FDIC) automatically insures any deposits up to $250,000 How was order restored and what would have happened if it wasn’t?ĥ0% of America’s start ups had a contribution from SVB and with their small ask of ‘You borrow money with us, you bank with us’ you can be sure that many, if not all of these start ups would have got burned this monthįollowing this overseas, their UK arm would have meant that over 200 firms wouldn’t have been able to pay workers this month either With a 90th-minute winner from the FDIC and HSBC, it seems all of Silicon Valley Bank’s customers now have access to their funds
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