on Nasdaq, and rumors began to spread that the bank was seeking a buyer. Shortly thereafter, the California Department of Financial Protection and Innovation and the FDIC shut SVB down.
The FDIC announced that federally insured depositors, up to $250,000, can withdraw their funds on Monday. It is uncertain how the bank will handle larger deposits. “At the time of closing, the FDIC as the receiver immediately transferred all insured deposits of Silicon Valley Bank to the DINB,” the agency explained on Friday. Depositors with accounts exceeding $250,000 can contact the FDIC to seek a resolution.
The regulator noted that as of the end of 2022, SVB had $209 billion in assets and $175.4 billion in deposits. “At the time of closing, the amount of deposits exceeding the insurance limits was undetermined,” the FDIC statement cautioned. “The amount of uninsured deposits will be determined once the FDIC obtains additional information from the bank and its customers.”
The failure of Silicon Valley Bank is one of the largest bank failures in the United States since the
According to the news, in the continuous regulatory crackdown, the market share of Bi 'an has dropped from the recent peak of 88% to 80%.
Society needs a change. We need to work on creating a better future for ourselves instead of limiting our reach to past, poorly aged, initiatives. Continuing to create and foster Web3 growth will help us to achieve the a better future for all.
We’re fucked
It's this the one jimcramer was just hyping up telling everyone to buy now. Is he ever right about anything?
These past 2 days have been bananas!
amj22cr Da20ni01 haetham_abou جهزولي الشورت 🤣
This is exactly why I only trust ChiefraFba for signals and analysis
Here we go again 🤣🤣
Good