4 ms·
This is precisely why we have the FDIC -- if deposits are federally insured, there is much smaller incentive for depositors to withdraw their money out of fear
by ProjectArcturis 4y ago
This is precisely why we have the FDIC -- if deposits are federally insured, there is much smaller incentive for depositors to withdraw their money out of fear of a bank run.
- brianwawok 4y ago250k per account. Imagine all the big businesses with millions in the bank. FDIC will not help them.
- rixrax 4y ago"As of December 31, 2022, the amount of estimated uninsured deposits in [SVB] U.S. offices that exceed the FDIC insurance limit was $151.5 billion. [from total deposits of $173,11B]." [0] [0] https://ir.svb.com/financials/sec-filings/sec-filings-details/default.aspx?FilingId=16435322 https://ir.svb.com/financials/sec-filings/sec-filings-detail...
- the_mar 4y ago2.7% of SVB deposits were FDIC insured