Regulators shut down Silicon Valley Bank today following a run on deposits.
Part of what made SVB unique is its client base—the vast majority of its customer’s accounts were too big for full FDIC insurance (though recent deposit flight probably reduced the share). Waiting on the FDIC to see how many uninsured deposits are left and if they can be made whole.
Part of what made SVB unique is its client base—the vast majority of its customer's accounts were too big for full FDIC insurance (tho recent deposit flight probably reduced the share). Waiting on the FDIC to see how many uninsured deposits are left and if they can be made whole. https://t.co/KOTcZukSnb
— Joey Politano 🏳️🌈 (@JosephPolitano) March 10, 2023