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That is true for every bank. Know that in such a scenario NO bank can virtually back $45B in withdrawals.
by hackernewds 4y ago
That is true for every bank. Know that in such a scenario NO bank can virtually back $45B in withdrawals.
- dehrmann 4y agoWhat's different is how many large accounts SVB had. Most banks have a higher share of funds in smaller accounts. For people with less than $250k at the bank, there's less incentive to withdraw all your funds.