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…where does the extra money go then? If a bank has more than the insured deposits still, but is insolvent, where does the rest of it go? To the depositors, is w
by girvo 4y ago
…where does the extra money go then? If a bank has more than the insured deposits still, but is insolvent, where does the rest of it go? To the depositors, is what makes sense to me.
- nradov 4y agoYes, if the bank isn't acquired then the assets will be liquidated and depositors will receive most of the proceeds. They are relatively senior in a bankruptcy process.
- girvo 4y agoRight, that makes sense to me. So I guess I'm confused by the other commenters suggesting that depositors should only receive the $250,000 and no more. What are they proposing happens to the remaining money?