Quote:
Originally Posted by Edward64
Reading up on SVB
:
Hard to see how this bank survives, and if it does, it'll be a much smaller self.
|
FDIC protects up to $250K per account (not person). I'll assume alot of the new startups have more than that per account. I'm thinking there'll be a fair number that'll be struggling significantly to make payroll.
Still want to know what the SVB "bad investments" were.
Quote:
|
Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits
|