pull down to refresh
93% of its deposits are not insured though. Definitely some people getting rekt. Mostly VCs and tech bros, but it will bite- because all those idiots are probably running their personal expenses on debt.
reply
pull down to refresh
93% of its deposits are not insured though. Definitely some people getting rekt. Mostly VCs and tech bros, but it will bite- because all those idiots are probably running their personal expenses on debt.
It looks like at least for SIVB all customer deposits up to 0,25m will get saved but the bank itself not: https://www.fdic.gov/news/press-releases/2023/pr23013.html