Monday, March 13, 2023 2:59:30 AM
https://www.barrons.com/articles/svb-depositors-bailout-fdic-fed-db7cfda0
Sunday night, the U.S. government announced that all depositors in the failed Silicon Valley Bank will have access to their money. In essence, Federal Deposit Insurance Corporation protection—usually limited to $250,000 per account—became unlimited.
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