SVB Financial Group (SIVBQ)

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Bad. Really Bad!... "More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers"

"But more than 85% of the bank’s deposits were uninsured, according to estimates in a recent regulatory filing. That’s because FDIC deposit insurance is meant for everyday bank customers and maxes out at $250,000. Many Silicon Valley startups had millions, or even hundreds of millions of dollars deposited at the bank—money they used to run their companies and pay employees. Right now, nobody’s sure how much of that cash is left."

https://news.yahoo.com/more-85-silicon-valleys-banks-233807890.html