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The fdic estimates it will cost the fund ~20B https://www.fdic.gov/news/press-releases/2023/pr23023.html https://www.fdic.gov/news/press-releases/2023/pr23023.h

The fdic estimates it will cost the fund ~20B https://www.fdic.gov/news/press-releases/2023/pr23023.html https://www.fdic.gov/news/press-releases/2023/pr23023.html

fundad 4y ago
Yeah we spared no expense and once you start giving something away you can never stop.
jhugo 4y ago
Does that imply that the fund's costs exceed 250K per depositor? How many depositors did SVB have?