3 ms·
Usually the FDIC has another bank buy the failed bank, and the employees would become employees of the purchasing bank In this instance, the FDIC wasn't able t
by mixdup 4y ago
Usually the FDIC has another bank buy the failed bank, and the employees would become employees of the purchasing bank
In this instance, the FDIC wasn't able to find a buyer so all these people work for the FDIC until final disposition of their jobs
SIVB no longer exists as an operating bank, they are going to work on Monday, who are they working for if not the FDIC?