It's 250k at every bank. The comment section on hn makes this seem like it was obviously risky to bank with svb but to everyone making treasury decisions, it l

It's 250k at every bank. The comment section on hn makes this seem like it was obviously risky to bank with svb but to everyone making treasury decisions, it looked to be the same as banking with any significantly old and significantly large bank. They are very large, publicly traded, regulated like everyone else, have their assets primarily in us treasuries and all fdic member banks have the same insurance policy. There really can be a run on other large banks, svbs balance sheet wasn't upside down unless you marked to market their hold to maturity assets. If people start withdrawing you have to sell those and you get exposed and all of the banks are holding us treasuries that are worth a lot less due to rapidly rising interest rates. If people start withdrawing from other banks they get exposed too.