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> At the time of closing, the amount of deposits in excess of the insurance limits was undetermined. What are the insurance limits for companies? Same as indiv
by Octokiddie 4y ago
> At the time of closing, the amount of deposits in excess of the insurance limits was undetermined.
What are the insurance limits for companies? Same as individuals? I get the sense that most of SVB's deposits were from startups and small companies. And I also get the sense that $250K is not much room for a startup trying to make payroll to employees with Silicon Valley wages.
- ncallaway 4y agoYep, $250k.