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None of the SVB customers signed up (or paid premiums) for unlimited depositor insurance. Nonetheless they will now receive that, paid for by a new assessment (
by matthewdgreen 4y ago
None of the SVB customers signed up (or paid premiums) for unlimited depositor insurance. Nonetheless they will now receive that, paid for by a new assessment (tax) on other banks and their customers.
- paulddraper 4y agoThey expected (with 99.8% confidence) to be able to retrieve their deposits in full. So the 0.2% scenario is turning out different.
- vc8f6vVV 4y agoIf insurance company had assessed the risk as 0.2% the premium would have been miniscule. But they still didn't pay it, or the risk was not 0.2%?