...Larry said EVERYBODY NEEDS TO GET ALL THEIR MONEY BACK. I wonder where the other $150 billion bucks is supposed to come from (presumably some is available, but...).BREAKING: SVB has just become the first FDIC-insured institution to fail this year.
— Kailey Leinz (@kaileyleinz) March 10, 2023
*FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR
*FDIC: NAMED FEDERAL DEPOSIT INSURANCE FDIC AS RECEIVER
*FDIC: MOVE TO PROTECT INSURED DEPOSITORS OF SILICON VALLEY BANK
At Silicon Valley Bank, north of 93% of the bank's $161 billion in deposits are uninsured per a recent regulatory filing, @MaxJReyes writes.
— Bloomberg (@business) March 10, 2023
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