3 ms·
Yes, Brokerages have SIPC which is basically the same as FDIC. Going forward, companies might have their cash balanced across 2-3 banks and 2 brokerage account
by devmunchies 4y ago
Yes, Brokerages have SIPC which is basically the same as FDIC.
Going forward, companies might have their cash balanced across 2-3 banks and 2 brokerage accounts. The company I work for announced that we had only 5% of our cash in SVB, which is fine since it will eventually be paid back but we have other cash to use in the meantime.