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Posted on 3/10/23 at 9:30 pm to Big Scrub TX
quote:
This is not accurate.
quote:
On March 10, 2023, Silicon Valley Bank collapsed, causing the largest bank failure since the 2008 financial crisis and the second-largest in U.S. history.[1] Of the bank's US$175 billion in deposit liabilities, Reuters reported that, as of the end of 2022, 89 percent of its deposits were not covered by federal deposit insurance
LINK
Other articles have reported over $200 billion in liabilities but we all know you are always correct about everything.
Posted on 3/10/23 at 9:39 pm to Big Scrub TX
quote:
This is not accurate.
- SVB had almost 90% of its deposits uninsured by the FDIC.
- JPMorgan has about 59% of its deposits uninsured via this US government backstop.
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