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> 97% of the 175 billion on deposit was not covered by FDIC insurance. Source?
by voisin 4y ago
> 97% of the 175 billion on deposit was not covered by FDIC insurance.
Source?
- willmadden 4y agoIt's a minimum of 85% uninsured from a recent regulatory filing: https://time.com/6262009/silicon-valley-bank-deposit-insurance/ https://time.com/6262009/silicon-valley-bank-deposit-insuran... The equally bad part is that lines of credit that startups were drawing from are wiped out.