3 ms·

This isn't bitcoin world though, deposits are FDIC insured to stop this

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• SteveNuts 4y ago
  Not to the amount that most startups would have in their account
  • makestuff 4y ago
    The startup I worked for used SVB. While I am unsure if all of their money was with SVB, it was company that had raised over 100m. I wonder if there will be issues with paychecks going out. Surely they diversified their accounts, but who knows.
    • sorry_outta_gas 4y ago
      [dead]
• mhluongo 4y ago
  FDIC limits are low. Socialized losses can definitely happen past those limits.
  • fr0sty 4y ago
    A document I saw yesterday claimed that SVB had ~$160B in uninsured deposits.
• ncallaway 4y ago
  Deposits ate FDIC insured up to 250k per depositor per bank. Companies with > $250k in the bank need to take the risk that they really can lose that money into account.
  • rosywoozlechan 4y ago
    Per bank and per account with different ownership categories, so if a company had multiple accounts in different ownership categories those would each be insured up to $250,000
    • zamnos 4y ago
      Why would a company have different ownership categories for their accounts? Wouldn't all of their accounts be wholly owned by the company and no one else?
• abarringer 4y ago
  Insured up to $250k. No guarantee there won't be a delay in withdrawing your funds once the Fed takes over.
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  • orangepurple 4y ago
    After FDIC seizes the bank your funds are available the next business day up to the insured amount. Above the insured amount you have to wait a while longer.
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